News & Bulletin Updates

Sloppy work by ONGC: Pre-bid leads to full overhaul of technical and financial annexures in Tapti bid
8Amendment 4 replaces all core documents—ITB, GCC, Scope of Work, BEC, and pricing formats—implying deep rework post pre-bid.
8Such a complete reset is rare and indicates high bidder influence and low backroom work by ONGC. Halliburton, Schlumberger, Baker Hughes, and Weatherford have all joined the pre-bid for a high-spec 44-well campaign—signalling one of ONGC’s most globally contested offshore service packages this year.
ONGC extends Cambay mobile rig bid to June-end amid bidder recalibration
8The bid deadline for ONGC’s 3-year rig hire has been extended to 30 June 2025 via Corrigendum-3, giving contractors added time to restructure price strategies and align OEM schedules. ONGC’s amendment allows a three-week deadline extension but holds firm on minimum 750 HP spec, 2000m depth, and crewed rig mandates—ensuring no dilution in technical compliance.
ONGC inserts PMIS intern preference clause in CBHP O&M tender
8A late-stage GCC insertion mandates preference for ONGC-trained PMIS interns during hiring—potentially influencing bidder staffing strategy, cost control, and scoring during evaluation.
Extension opens breather for PS-9 bidders amid DGMS compliance rush
8With certified Competent Persons in short supply and calibrated test kits mandatory, the extension is expected to ease pressure on bidders grappling with factory act approvals and tight mobilisation schedules.
NELP offshore policy allocates Rs. 4.3 crore for 62 legacy well interventions across key basins
8Under its 2024–25 policy, the operator has budgeted over Rs. 4.3 crore for production restoration and monitoring across shut-in, plugged, and temporarily abandoned wells in Kakinada and Mumbai offshore blocks.
8With over 85% of this spend earmarked for a single asset, the move hints at prioritization of legacy production zones over frontier acreage.

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The project involves wet and dry crude processing at Naoholia, with pipeline links to existing facilities at Madhuban and Duliajan.
8The EAC is set to assess environmental safeguards for this nodal oil logistics hub.
8With its tank farm project in Dibrugarh now officially on the EAC’s agenda, Oil India moves closer to unlocking higher handling capacity for its crude oil flows across Assam's producing blocks.

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NRL scraps pre-bid meet, quietly resets query deadline in global hydrogen tender
8In a silent but telling shift, NRL has withdrawn the pre-bid conference for its flagship green hydrogen BOO tender. Meanwhile, the cut-off for bidder queries was extended, signalling possible internal recalibrations or bidder hesitation.
8Despite the 25-year term, the tender doesn't define escalation indices for the quoted LCOH—raising financing and hedging concerns.
8GHPA and ITB are silent on pipeline ownership norms—contractors remain unsure whether the interconnection pipeline must be operator-financed.
HPCL extends DFR bid for Net-Zero push at Bengaluru R&D hub: scope signals hybrid, bifacial, and wind-based options
8The custom bid for a Detailed Feasibility Report on renewable energy deployment at HPCL’s Green R&D Centre has been extended till July 3. Unusual emphasis on hybrid solutions, bifacial panels, and storage systems hints at a high-spec demand-side RE blueprint, not just a boilerplate solar proposal.
HPCL stands firm despite bidder pushback on CCPL ROU scope, eligibility and cashflow risk
8Multiple bidders sought critical changes in scope clarity, qualification thresholds, manpower provisioning, and payment structures—but HPCL has largely stuck to its original framework, subtly shifting operational risk and capital strain to contractors.
Deadline Pushed, But IOCL Stands Firm on Delay Penalties in Critical Advisory Tender
8Despite extending the bid deadline, IOCL refused to relax any legal, billing, or disclosure clauses in its 2-month consultant advisory tender, signaling a hardline stance on risk allocation even for fast-paced strategy work.

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8This time around Used Cooking Oil is the feedstock It is using its refinery configuration in a unique manner in doing so
8Sourcing first and processing later is the principle

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GAIL pushes Srikakulam–Angul pipeline completion to December amid forest clearance delays
8GAIL has revised the completion timeline for its 744 km Srikakulam–Angul pipeline project from June to December 2025. While the 422 km mainline is mechanically complete and under commissioning, progress on the 322 km spur line has slowed due to pending forest permissions.
GAIL clears Rs 844 crore pipeline expansion to boost DUPL–DPPL network capacity
8GAIL’s board has approved a Rs 844 crore plan to expand its DUPL–DPPL gas pipeline network by 2.5 MMSCMD over the next three years. With average flow already nearing capacity, the move is aimed at supporting the company’s next phase of business growth under PNGRB’s March 2025 authorization.
GAIL pipeline project delayed again; cost rises by Rs 411 crore amid clearance hurdles
8GAIL has pushed back the completion of its 1,702 km Mumbai–Nagpur–Jharsuguda pipeline to September 2025, citing forest, highway, and land acquisition delays. The revised project cost has gone up by Rs 411 crore—marking a 5.24% escalation—as Board approval clears the way for staggered commissioning.

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Bagging plant tender sees limited global action as EIL sticks to no-deviation mandate
8Only two global OEMs have submitted bids for BPCL’s Kochi bagging & palletising tender despite broad technical scope.
8EIL’s strict zero-deviation policy and layered verification protocols may have discouraged wider participation
PNGRB shrinks pipeline capacity, stretches deadline: One bidder stands along in the race

8Despite five deadline extensions, only one company turned up to bid for the 425-km Kochi–Kanyakumari–Thoothukudi pipeline.
8With capacity scaled back to 5 MMSCMD and route end-users thin, PNGRB’s suo-motu push may face commercial headwinds.
8Despite red flags near zero customers beyond Kattakkada, PNGRB stuck to the full route up to Tuticorin—signaling a push toward infrastructure-led demand creation over market-first logic.
8Only after a pre-bid intervention did PNGRB confirm the originating point as PLL's LNG Terminal at Kochi—underlining a lack of upfront clarity.
EIL filters trenchless specialists with bundled HDD scope for NRL Paradip line
8Ten bidders have entered a tightly-structured trenchless race for the IOCL green belt crossing under NRL’s Paradip expansion.
8With strict part-wise bundling, high EMDs, and a no-reverse-auction approach, only end-to-end HDD players are likely to survive the cut.
Mantec bags Vadinar–Bina EIA contract with 27% price edge over L2
8Mantec Consultants secured the EIA and RRA consultancy job for the BPCL pipeline expansion project. Wide pricing disparity raises questions on bid strategy and future margins.
8Despite technical qualification, ABC’s quote left them uncompetitive—nearly 3x the L1 price, underscoring market dissonance.

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IOCL’s MPPL pump tender sets tight lineage bar, skips net worth and EMD
8A stringent tender from IOCL for motor-driven BPUs mandates same-plant, same-model pump lineage and drops net worth screening altogether — a selective yet MSME-friendly move with no room for generalist OEMs
Dual bank guarantees and zero-deviation clause tighten vendor compliance on BPCL APPS tender

8Vendors face an unusual double-security obligation under BPCL's Mahul-Rasayani APPS system tender, with stringent no-deviation norms, a hard site readiness clause, and no provision for advance payment—reshaping contractor risk profiles.
BPREP EPCC tender stretched to July as NDA complexity, licensor dependency slow bidder response
8Four extensions in submission timeline signal deeper hurdles in BPCL’s polypropylene and Butene-1 package.
8Confidentiality bottlenecks and slow bidder alignment with Axens protocols could delay the core BPREP execution window.
8No visible changes in commercial or technical clauses, yet four delays hint at bidder-side discomfort or backend readiness issues on BPCL’s side.
Cooling tower bid sees six deadline extensions, key terms shift in contractor’s favor
8After six extensions, BPCL's BPREP cooling tower package tender sees substantial clause shifts that tilt risk, cost burden, and performance accountability towards vendors—raising flags among experienced bidders.
Corrigendum pile-up clouds OIL’s dual tank farm tender clarity
8Multiple scope clarifications and document re-submissions signal growing complexity in OIL’s bid to hire an EPMC for its dual tank farm project in Assam.
8Contractors now face tighter pre-qualification despite prior shortlisting, with pre-bid replies addressing—but not fully resolving—key technical uncertainties.
IOCL Holds Firm on Rigid Terms in Auto-LNG Feasibility Bid, Despite Multiple Bidder Pushbacks
8With 50 LNG clusters and top-tier advisors, IOCL is blueprinting a nationwide fleet transition strategy.
8But despite receiving multiple vendor queries on payment cycles, experience recognition, and cost-sharing, IOCL has stuck to a strict structure for its Auto-LNG penetration study, signaling a top-down, no-concessions push toward clean fleet transition.

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8IndianOil’s new EOI on biomass pyrolysis seeks high-purity feedstock processors for refinery-bound trials—but with full cost, risk, and technical alignment loaded onto vendors, without any assured commercial outcome.
8No purchase guarantee, no safety responsibility, and no fallback commercial support—vendors face a steep climb for access to bio-oil trials at five refineries.

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8Receipt of letter of award from oil india limited for hiring of high pressure mobile boiler services [AESL]
8Gazette notification for rou acquisition from MWD24 to MWD21 under PMP Act in Gujarat [Gazette]
8Hooghly CSL secures notable order for construction of two luxury river cruise vessels [CSL]
8Intimation regarding specimen letter sent to physical shareholders for furnishing KYC [Alphageo]
8Change in board of directors of the company [EIL]
8Appointment in senior management team [KCL]
8Deployment status of vessel seamec II [Seamec]
8Revision in completion schedule and additional cost for mumbai nagpur jharsuguda pipeline MNJPL project [GAIL]
8Revision in completion schedule for srikakulam angul pipeline project [GAIL]
8Disclosure on capacity augmentation of DUPL DPPL network under regulation 30 of SEBI lodr regulations 2015 [GAIL]

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8Financial results for the quarter and year ended march 31, 2025 [Sikko]
 
8Transcript of investor conference call [HZ]
 
8Investor presentation Q4 FY 2024-25 [GSFCL]
 
8Intimation of proposed dissolution of downstream subsidiary ISGN corporation USA [CFCL]
 
8Annual secretarial compliance report for the financial year ended 31st march, 2025 [SPCFL]
 
8Intimation of virtual meeting with analysts/institutional investors on june 26, 2025 [DFPCL]

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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8LNG
8Crude
8Chemicals
8Fertilizers
8Coal and Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo

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8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals

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8Analysis on DPNG & CNG Prices (As on April 2025) [PNGRB]
 
8Intimation on Tax Deduction on Dividend [Aegis]
 
8Investor Presentation – Q4 FY2025 [Aegis]
 
8Appointment of Part-time Official (Nominee) Director [CSL]
 
8Nomination of Shri Kapil Verma as Government Nominee Director on the Board of Engineers India Limited [EIL]
 
8Intimation of Divestment in Veracity Supply Chain Limited, A Joint Venture Company [Adani Port]
 
8Corrigendum II to the Notice of the Extraordinary General Meeting [MIL]
 
8Board Approval for Corporate Guarantee of USD 412 Million for Overseas Fundraising by OOIL [ONGC]
 
8Appointment of Shri Asheesh Joshi as Additional Director on the Board W.E.F. June 20, 2025 [BPCL]
 
8Change in Directorate of the Company [IOCL]

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8Category-2 rig talks drag on as ONGC eyes unrealistic rate cuts
The risk of no LoA looms.

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8Project Name: Faizabad and Sultanpur District City Gas Distribution
8Project Cost: Rs 200 crore Click here for more details

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8Project Name: Lakhisarai, Munger and Bhagalpur District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

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8Quite a few companies eying this project

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Petronet LNG’s cooling tower package for its Dahej petrochemical project had to be scrapped after late-stage amendments quietly shifted the scope from engineering supply to full-fledged post-commissioning operations.
8A six-month O&M clause, power penalty formulas, and rigid bidder qualifications were introduced midstream—without offering a clean commercial reset.
8The result: a tender too structurally unstable to survive its own contradictions.
Find out what happened next

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8This is a first-of-its-kind development and has exciting forward implications

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Copy-paste scope, different districts: HPCL replicates biogas model across Punjab
8Identical scope of work across two bids suggests a templated approach to CBG deployment, reducing planning overhead while maximizing land-specific flexibility.
8By geographically segmenting near-identical CBG tenders, The company opens the door to broader bidder participation and faster deployment under regionally optimized packages.
8The six proposed CBG sites may eventually link into Punjab’s CGD grid or cascading network—pointing to a long-view monetization strategy through regional carbon markets and manure sales.

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8Just ahead of the June 19 bid deadline, the tender for PSV/PCV leak survey linked to three flare stacks has been withdrawn
8Why was that so?

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HAZOP-QRA contract filters out 73% of bidders; only 4 out of 15 make IOCL's technical cut
8A tight technical screening process disqualified 11 of 15 contenders in IOCL's WRPL risk analysis tender, raising questions about sector preparedness and documentation standards.
8Only Bureau Veritas, Elazra, IFluids, and TUV India cleared the gate.
Heat exchanger race narrows as three bid for Dahej PDH-PP package
8EIL’s limited tender for Monel-clad exchangers draws bids from Gemini, Precision Equipments, and Titanium Equipment, signaling concentrated capability in exotic metallurgy.
Thin margins, wide gaps: GAIL Cauvery Basin drawing tender sees L1 bid 114% lower than L3
8In GAIL’s Cauvery Basin terminal drawing tender, a sharp 114% spread between L1 and L3 bids raises flags about aggressive pricing strategies.
8With one bidder disqualified, the outcome sets the tone for tighter margins in upcoming engineering service contracts.
Single-bid award to EIL raises concerns over closed-loop consultancy procurement at IOCL Rambili
8EIL bags job for CRZ clearance at NAOB Rambili, nearly 9% below estimate.
8With other bidders barred, IOCL's tender design raises red flags on competitive neutrality.

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Petronet LNG’s petrochemical pivot triggers flare EPC tender
8The safety backbone of the upcoming PDH-PP complex, a twin-riser flare stack, is being offered on turnkey terms with 18-month execution.
8Bidders must demonstrate commissioning of a similar dual-riser, 72m+ demountable flare system in the last 15 years to qualify.
8Unqualified Indian bidders can rope in global partners via MoU to meet experience norms, as long as legal undertakings are provided.
Fifth extension in BPCL’s high-pressure exchanger bid raises concerns over vendor readiness and licensor compliance
8The repeated deferments of this specialty equipment tender hint at execution bottlenecks and tight NDA-driven licensor controls.
8Contractors appear to be scrambling for compliance amid high technical bar and financial rigour.
8Despite a stable scope, five successive extensions suggest that vendors are facing document readiness issues, possibly driven by CLG licensor NDA protocols.
8Extensions without technical clarifications raise concern: is vendor indecision to blame, or are spec ambiguities being managed off-record?
8Absence of public pre-bid clarifications despite multiple extensions suggests opaque communications between EIL and shortlisted bidders.
Bid timeline for Bina CPU package stretched again: Repeated extensions stir market curiosity
8The tender for BPCL’s CPU package under BPREP has seen four bid deadline extensions so far, now pushed to July 10. The prolonged timeline hints at bidder hesitation, possible scope misalignment, or specification ambiguities.
8Transparency concerns grow as BPCL/EIL hold back pre-bid Q&A or corrigendum disclosures that could address industry-wide doubts.
8The all-in turnkey approach under one vendor may be clashing with the multi-discipline integration nature of the CPU job.
Cooling Tower Bid Tilted to Buyer: BPCL defers specs, drops SD deduction
8Revised clauses in Bina refinery’s CT package ease contractor penalties but load spec risks onto bidders—raising flags on post-award exposure.
Design conflicts, boiler size squeeze, and approval rigidity cloud PLL steam system bid
8Despite an extension till July 7, critical design queries remain unresolved in PLL’s boiler package tender. Discrepancies in PRDS sparing, battery limit parameters, and structural feasibility hint at deeper coordination gaps.

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Heater Package Scope Lockdown: BPCL, EIL Reject 90% of Bidder Scope Cuts
8Multiple TBWES attempts to scale back scope in the CDU-VDU heater package were overturned by EIL, reaffirming strict end-to-end responsibilities—hinting at a trend toward tighter vendor compliance.
8Despite bidders citing limited relevance, EIL insists on full 3D models even for small bore pipes and branch trays—elevating both cost and documentation effort.
8TBWES sought to restrict OEM supervision to select items, but EIL’s blanket stance on OEM presence raises execution assurance costs.
8EIL dismisses bidder suggestion to shift AMC burden to BPCL, maintaining long-tail vendor accountability across 5 years post-guarantee.
Bina
Petchem’s HPRT Generator Bid Extended Amidst Deep Qualification Hurdles
8Stringent legacy equipment norms and complex affiliate conditions push EIL to extend the bidding window.
8Vendors eyeing India’s high-pressure turbine space face tightrope walk on testing, track record, and sourcing.
8Vendors must show prior delivery of HPRT or motor-pump packages with ≥80% power recovery, shrinking eligible players to legacy OEMs or their affiliates.
Repeated extensions raise flags over bid-readiness for Panipat 220KV switchyard job
8The bid submission for IOCL’s critical switchyard augmentation tender has been extended thrice — a potential indicator of bidder discomfort or misalignment. Meanwhile, tight timelines, HVPNL compliance, and intensive safety protocols point to mounting execution risks.

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8A new 56,000 TPA coal tar distillation project has been proposed with the aim of producing coal tar pitch, creosote oil (light and heavy), and crude naphthalene.

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