News & Bulletin Updates

8Is domestic gas pricing veering around to the DES West India marker eventually?
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8A tax authority came under criticism for capitalizing repairs and maintenance expenditure.
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LNG is a big business in India
8But no one has really dwelled on issues of LNG logsitics
8What happens when the vessel arrives? Who is responsible of there is lateness?
8Also, are there obligations specific to LNG vessels, including scheduled arrival times, cargo tank readiness and owners' use of LNG cargo to achieve guaranteed speed.
8What are the methods of calculating compensation payable by owners for under-performance?
8Also, what do you do if the long term supplier defaults by taking advantaeg of arbitrage opportunities while lignoring the interest of the long term buyer?
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 The Dabhol LNG terminal's attempt to get to an all-weather port with the possibility of getting to 100 per cent utilization of its 5 MMTPA capacity is getting stymied for two reasons.
 
8One quite unrelated to the other
 
8And only the GAIL brass is to be blamed for the slip up
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8Project Name: Morena District City Gas Distribution
8Project Cost: Rs 300 crore.
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8Project Name: Nawada and Koderma District City Gas Distribution
8Project Cost: Rs 300 crore.
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Ammonia Greenfield Project
8Cost: 4350 Crore
8Project Event:Project execution has been on fast track. The overall quality performance index has been 91%. The project is likely to be commissioned in Q1FY 2024.
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Ammonium Nitrate Greenfield Project
8Cost:
300 Cr.
Project
Event:
RFQ for the hiring of LSTK contractor has been out, and bid due date has been extended upto 10th May ,2023.
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8Bid evaluation is in progress for the civil works package (lot-1)
8RFQ for the civil works package (lot-2) is likely to be floated in May 2023
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8Forest clearance stage 2 has been approved
8Mobilization of equipment is in progress for the civil work
8RFQ for the EM works package is likely to be floated in Q3 2023.
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8Private land acquisition has been completed
8Bid submission date has been extended for civil and HM works.
8RFQ for the EM works package is likely to be floated in June 2023.
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8To raise finances, MG Motor India is allegedly seeking a minimum valuation of $2 billion and is in negotiations with JSW Group about selling a 15-20% interest 

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8To minimise the use of metallurgical coke and lower carbon emissions, Tata Steel Ltd. has begun a pilot to inject hydrogen gas at its blast furnace in its flagship facility

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8The people have been exhorted by Aituc to band together from all walks of life to prevent the privatisation of the Visakhapatnam steel plant

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8Green steel production using hydrogen as a reducing agent is unlikely to happen in India due to the unsuitability of low-grade Indian iron ore, which requires blast furnaces instead of the electric arc furnace route necessary for green steel making

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8PLI scheme to boost speciality steel capacity, generate investment and jobs, and aid India's goal to become the third-largest economy by 2030-31

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8Find more about the two new directors appointed for Jindal Stainless Ltd

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8The Semperit Group announced the acquisition of 100% of Austrian Rico Group GmbH, a provider of silicone injection moulds and maker of liquid silicone components.

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8MIT researchers have created a robotic hand that employs high-resolution touch sensing to precisely identify an object after just one grip, inspired by the human finger

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8Diana Kelley was selected as a recipient of the Women MAKE Awards for her leadership and contributions to the manufacturing industry

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8Speciality chemicals are likely to have a mixed fourth fiscal quarter of FY23, with revenue increase underpinned by volume recovery and better price realisation

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8A weekly report on the Mumbai chemical market has been showcased

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8The company have been a prominent part of the Indian chemical industry, since 1975, maintaining convenient accessibility of premium-grade industrial chemicals for multiple sectors nationwide

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8Storengy has granted NextChem a contract to perform an advanced fundamental engineering study for the gasification of waste wood and the generation of biomethane

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8Residents and business owners near a former manufacturing facility in a US town were warned of hazardous chemicals after firefighters discovered leaking containers and materials at the site

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8ANK Pharma Ltd. has been ordered by NGT to deposit environmental compensation for the blast victims from 2020

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