8Here is a set of key ONGC announcements that have implications for its extensive vendor base

This desi drilling company is turning in a handsome margin
8Who says drilling companies cannot make money

Phosphoric Acid & Sulphuric Acid Greenfield Project
8Cost: Rs 1800 Cr.
8Project Event: The RFQ for the EPC contractor is likely to be released after the finalization of technology licensor, finalization is still ongoing, It is likely to finalized in Dec 2022. The Company has carried out a Detailed Project Report (DPR) through ThyssenKrupp Industrial Solutions for the plant capacity of 600 MTPD Phosphoric Acid and 1800 MTPD Sulphuric Acid. The report from ThyssenKrupp is still under evaluation and the final decision for the Project will be taken up appropriately. The company has already achieved NoC from GPCB for execution.
Urea Revamp Project
8Cost: Rs 220 Cr.
8Project Event: Finalization for EPC contractor is still ongoing, which is likely to be completed at the end of December in place of August 2022, due to delay in the discussion. The company submitted the final EIA report for clearance in May 2022. The Company has invited offers from renowned EPC contractors.

Get an update on the following midstream projects:
8Srikakulam - Angul Natural Gas Pipeline (SAPL)
8Hazira-Vijaipur-Jagdishpur - GREP II (Maintenance)

Rs 6000 crore greenfield pumped storage project: PMC works in January 2023"
8Forest clearance stage-1 is pending at DFO and stage-2 is pending at the regional office.
8Land acquisitions are in progress at the upper reservoir site.
8Drilling works have been completed and drifting works are in progress.
8RFQ  for the PMC works is likely to be floated in January 2023.
8Find out who the DPR consultant was.
Rs 9500 crore greenfield standalone pumped storage project: Civil works package in Q1 2023
8Forest clearance stage 1 has been approved by DFO but forest clearance stage -2 is pending at the nodal office.
8Public hearing phase -1 has been conducted and stage -2 is yet to be conducted.
8GSI has approved the geotechnical investigation and topographical survey report
8PMC has been selected for the project. Find out who it is.
8RFQ for the civil works package is likely to be floated in Q1 2023
Rs 11000 crore greenfield  super thermal power project: Chlorine dosing system package in December 2022
8Civil works are in progress for SG and it is in an advanced stage of completion.
8Erection and installation of the DeNOx system are yet to be started.
8Slow work progress by the BOP sub-contractor for CHP, DM plant work.
8RFQ for the Chlorine dosing system package is likely to be floated by December 2022.
Rs 119 crore construction of 220KV Transmission line:  Conductor package in November 2022
8A contractor has been selected for S/S works. Find out who it is.
8Approval from PTCC, railway, civil aviation, and defense is in progress.
8EPC selected for T/L works.
8Site preparation has been completed for the P/S works and erection works are yet to be started for the
8RFQ for the ACSR moose conductor package is likely to be floated in November 2022.
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8One DAP shipment is coming on 27 October 2022 
8One Rock Phos shipment is coming on 23 October 2022
8One Sulphur shipment is coming on 23 October 2022

BGE prices were much higher in the Kandla market today.

MMA prices firmed up in Kandla in anticipation of tight regional product avails and improved buying sentiments.

Petrochem sources from Mumbai have reported a huge rise in silver prices.

Bright aluminum wire  prices were assessed lower in the Delhi market today.

On October 18, 2022 chlorpyrifos (97%)  prices were pushed higher in the Mumbai market.

Pymetrozine (97%) prices were sharply reduced in the Delhi market today.

On October 18, 2022 low fipronil (95%) prices were announced in the Ahmedabad market.

Imidacloprid (97%) prices fell in the Delhi market today.

Thiamethoxam 97% prices were registered higher in the Mumbai market today.

Acetamiprid (97%) prices were assessed lower in the Ahmedabad market today.

On Oct 18, 2022 Ethylene prices have been reported to be unchanged for South Korea, NE Asia, South East Asia, India, Japan, NW Europe, and the US Gulf due to steady demand patterns in the region.

On October 18, 2022 the price of crude oil in NW Europe was $91.62/barrel (FOB) for Brent with a fall of $0.01/barrel.

Naphtha prices were registered to drift down in Japan and Europe owing to sluggish demand trends in the region today.

A cut in chrome oxide grade-99% prices was noticed today in the Mumbai metal market.

Petrochem sources reported a cut in rhodium prices in the Mumbai metal market.

MIBK  prices were assessed much lower in the Kandla market today.

Petrochem sources reported a slight fall in benzeneprices in the Vizag chemical market.

A rise in demand has lifted acetone prices in the Kandla market.