8Another private sector player has a plan to invest Rs 300 crore in this E&P block
And work is well in progress

8This player is speeding up its offshore block development work
8The margins are gas are so high that rapid development is envisaged

Bio fuel manufacturing is the next big thing in India
8And there is a crop of emerging companies

8A key gas sector vacancy has come out

Petrochem sources have reported a fall in cyclohexanone prices in the Ahmedabad market.

On October 20, 2022, NPAC prices moved down in the imported market of Kandla.

An elevated trend is noticed in ortho-xylene prices.

Petrochem sources reported a significant fall in aniline prices in the Kandla market.

Petrochem sources reported a rise in Delhi CIIR grade 1240 prices today.

Rhodium prices firmed up in Mumbai in anticipation of tight regional product avails and improved buying sentiments.

On October 20, 2022 butadiene prices have been reported to be steady in South Korea, South East Asia, Rotterdam, and US Gulf due to stable demand patterns in the respective countries.

Naphtha prices have registered a downward movement in Japan while moving up in NW Europe owing to fluctuation in the markets.

On October 20, 2022 the price of crude oil in NW Europe increased from $90.03/barrel to $92.41/barrel (FOB), up by $2.38/barrel respectively.

On October 20, 2022, Petrochem sources reported a fall in polystyrene sheet  prices in the Delhi market.

Petrochem sources have reported a fall in dichloropropane prices in the Delhi market.

An elevated trend is noticed in tetrachloroethylene prices.

Silica sand prices have gained in the Mumbai market, today.

A sharp cut in absolute ethyl alcohol prices in the Mumbai market was recorded today.

On October 20, 2022, Petrochem sources reported a fall in 1,4 butanediol prices in the Delhi market.

Soap noodles prices firmed up in Ahmedabad in anticipation of tight regional product avails and improved buying sentiments.

Sulphuric acid Plant Greenfield Project
8Cost: Rs 100 Cr.
8Project Event: Finalization process for hiring of an LSTK contractor is still ongoing, which is likely to be completed in December in place of October 2022 due to delay in internal discussion. The company has invited Expression of Interest from LSTK contractors and based on their response, techno-commercial offers will be invited
Water Soluble Fertilizer Greenfield Project
8Cost: Rs 200 Cr.
8Project Event: RFQ for the LSTK contractor is likely to be released Q2 2022. RFQ for the preparation of the Techno Economical Feasibility Report (TEFR) has been out, and It is likely to be finalized in November in place of September 2022

Find out how L&T has got itself into an invincible position when it comes to offshore development projects of ONGC.
8And it is now poised to win a slew of projects

8These two rig contract is likely to see a close race

8Canadian heavy crude exports from US Gulf Coast ports have sharply rebounded as India takes advantage of sharply discounted prices, according to oil-tracker Vortexa.

Rs 227 crore construction of 400KV Transmission line: S/S works package in December 2022
8S/S site has been changed as suggested by the MOP and CEA
8Approval from PTCC, railway, civil aviation, and defense is yet to be granted
8Rerouting of the transmission line to avoid an eco-sensitive zone with minimum use of forest area has been completed
8RFQ for the 400KV GIS s/s works package will likely be floated in December 2022
Rs 550 crore greenfield pumped storage project: Civil package(lot-2) in December 2022
8Construction of the approach road has been completed
8Hydrology report has been approved by the CWC
8PMC has been selected for the same project
8Pre-bid meeting is yet to be conducted for the civil works package(lot-1)
8RFQ for the Civil package(lot-2) is likely to be floated in December 2022
Rs 18200 crore greenfield off-stream closed-loop pumped storage project: EPC package for the main plant works in Q1 2023
8Forest clearance stage 1 is pending at the DFO and stage 2 is pending at the nodal office
8Drilling and drifting works are in progress at the site
8Geological investigation and topographical survey at the site have been completed and it was approved by GSI
8PMC has been selected for the project
8RFQ for the EPC package for main plant works is likely to be floated in Q1 2023
Rs 7000 crore  greenfield  multipurpose project: EM works package in January 2023
8Land acquisition and resettlement have been completed
8Forest clearance stage 1 and stage 2 have been granted by the DFO
8Contractor has been selected for the civil works package
8Pre-bid meetings have been completed for HM works
8RFQ for the EM works packages likely to be floated in January 2023
Rs 8500 crore greenfield standalone pumped storage project: Civil works package (lot-1) in Q1 2023
8Forest clearance stage 1 has been approved by DFO but forest clearance stage -2 is pending at the regional office.
8Public hearing has been completed
8EIA/ EMP study report has been prepared by Vimta Labs and it has been approved by the MoEF
8Preparation of DPR has been completed and it was approved by CEA
8EPC has been selected for the project
8RFQ for the civil works package (lot-1) is likely to be floated in Q1 2023
Rs 3000 crore greenfield hydroelectric project: DPR works tender in November 2022
8TOR  has been granted by the MoEF
8Construction of the approach road is in progress it is in the final stage of completion
8FC stage-1 is pending at the nodal office
8Hydrology report has been completed and it is yet to be approved by the CEA
8RFQ for the drilling and drifting works is likely to be floated in November 2022
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