News & Bulletin Updates

Petrochem sources reported a significant fall in zinc alloy Grade-Zamak 3 prices in the Mumbai market.

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Zinc ingot prices have witnessed a fall in the Mumbai market.

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Petrochem sources reported a significant fall in zinc oxide prices in the Ahmedabad metal market.

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8The cost of gas is falling rapidly but until last month, the average cost of import is still well higher than what India can afford
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An increase in rhodium prices has been noted at Mumbai today.

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Total's stake in the Adani gas busienss is worth $600 million
8And if you look at the assets in totality, you will know
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On Feb 20, 2023, Chrome oxide prices were assessed higher in the Ahmedabad Market.

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The GAIL tender for 26% equity in an LNG project is out
8Who is it intended at?
8Why is it a tender now, and why not a straight forward deal?
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An elevated demand trend is noticed in manganese sulphate prices.

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Petrochem sources reported a significant fall in PVA 24-88 in the Mumbai chemical market.

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This ambitious CBM operator wants to put in Rs 16,000 crore into CBM
8Is it hot hair or will he walk the talk?
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Petrochem sources from Mumbai have reported a huge rise in TDI prices.

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HPCL was subject to a firm rap-on-the knuckles for building a pipeline where it should not have
8There was a fine imposed too
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ONGC expects KG-DWN-98/2 output at 7.6 mmscmd in 2023-24. In the next year, output will touch 10.5 mmscmd.
8Gas suppliers will have to take into account the incremental supply of this volume of gas when they are looking at demand-supply figures going ahead
8That is quite a lot, given the slow start so far
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 The US has become very competitive in producing green hydrogen already
8The current cost of green hydrogen produced by PEM electrolysis was assessed at $2.55/kg (including capex), while that produced using alkaline electrolysis was assessed at $1.75/kg.
8What is the cost in India now?
8Also, sustainable development seems to have become the flavour of the month. Hear leaders from different segments of the industry speak about it
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Ammonium Sulphate Expansion Project
8Cost: Rs 111 Crore
8Project Event: for the LSTK contractor is likely to be released in March 2023, The project has elicited the environmental clearance in April 2022, All the engineering activities are completed and procurement and construction activities are under progress. The company will execute the project on its own, without involving any external technology supplier and it shall be using its available in-house expertise and resources.
Ammonia-Urea Energy Saving Project
8Cost: Rs 250 Cr.
8Project Event: The study has been completed, RFQ for the LSTK contractor is likely to be released at the end of March 2023, due to delay in the internal discussion.

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8Project Name: Jhansi District City Gas Distribution
8Project Cost: Rs 250 crore.
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8Project Name: Unnao District City Gas Distribution
8Project Cost: Rs 250 crore.
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Rs 5839 crore greenfield combined multipurpose project: EM package ahead
8Forest clearance stage 1 and stage 2 have been approved.
8Private land acquisition and rehabilitation have been completed.
8Bid evaluation is in progress for the civil works package.
8RFQ for the EM works package is likely to be floated in Q2 2023
Rs 325 crore 400KV D/C Gadag PS- Narendra transmission line project: Conductor package 
8The route alignment has been made to avoid the forest and wildlife areas.
8Private land acquisition has been completed for the transmission line.
8RFQ for the ACSR moose conductor package is likely to be floated in April 2023
Rs 6010 crore greenfield pump storage project: RFQ ahead
8Preparation of the EIA / EMP report is in progress.
8RFQ for the drilling and drifting works is likely to be floated in April 2022.
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Feb 20, 2023: Daily import matrices

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8LNG
8Crude
8Chemicals
8Fertilizers
8Coal-Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update
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On February 20, 2023, Petrochem sources reported a fall in fluorite prices in the Mumbai market.

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A lift in trichloroethylene prices in the Ahmedabad market was noticed today.

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Cryolite prices have witnessed a significant fall in the Ahmedabad market.

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On February 20, 2023, sodium fluoride prices were pushed higher in the Mumbai market.

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Rubber acceleratorgrade TMTD prices registered a rise in the domestic market of Delhi.

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