News & Bulletin Updates

8The rig charter tender saw four bids, with one disqualified and three qualified.
8Depth and equipment norms were relaxed mid-process.
8Compliance obligations tightened, raising the governance bar for contractors.

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8The directional package’s date shift adds 113 days over the original calendar, without touching commercial guardrails.
8A mid-cycle BEC/technical rewrite raises the bar on conformance and documentation.
8The real question is whether added time widens participation or simply hardens a specialist shortlist.

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1) Eleven MSME bidders face stiff compliance filters in ONGC Rajahmundry civil works tender
8ONGC’s three-year civil works contract for rig deployment has drawn 11 regional bidders.
8The promoter has restricted clarifications and hardened EMD/PBG rules.
8Bidders now face punitive pricing defaults and no escalation relief.
 
2) Seven regional firms vie for ONGC Mehsana rig-site civil works under dual-tier allocation
8ONGC’s Mehsana anchor-foundation contract has drawn seven mid-sized bidders.
8The promoter has inserted dual 16% and 20% quantum options, coupled with strict TPIA-verified eligibility.
8How these rules reshape participation and allocation will decide margin spreads.
 
3) Global inspection firms line up for ONGC Assam CCTV surveillance audit tender
8ONGC Assam has waived EMD but raised security deposits for its CCTV inspection tender.
8Six bidders, led by international TPIAs, have entered the fray.
8The single-bid format heightens both opportunity and risk.
 
4) OIL revises pre-bid schedule for Kerala-Konkan oil spill response tender
8Oil India has shifted the pre-bid conference for its offshore Tier-I oil spill response tender.
8Bidders now have more time to digest strict certification, equipment, and manpower clauses.
8The tender continues to demand full-time readiness without compensation for drills.
 
5) OIL pushes slickline bid deadline to 30 September after second extension
8Oil India has extended its four-year slickline services tender in Assam and Arunachal.
8The bid now closes on 30 September, nearly a month beyond the original date.
8The delay underlines bidder hesitation amid tough PQCs and high cash securities.
 
6) ONGC pipeline pigging tender pushed to October after first deadline extension
8ONGC has extended its 3-year intelligent pigging survey tender for onshore pipelines to 3 October.
8The 16-day delay follows a pre-bid meeting already held in August.
8Bidders now gain more time to reconcile site visits and OEM tool mobilization.

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8Matix fertilisers' Panagarh plant wins CII energy efficiency unit award 2025 [PTI]
8Agromet advisory bulletin for Thrissur district [IMD]
8Agromet advisory bulletin for Palakkad district [IMD]
8Incorporation of a wholly owned step-down subsidiary [AEL]
8Intimation regarding issuance of letters providing web link to notice and annual report of 81st AGM [FACT]
8Reaffirmation of credit rating by CRISIL ratings limited [RIL]

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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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8A new Centre of Excellence has opened in New Delhi
8It will focus on renewable feedstock–based biochemicals
8Facilities span lab to pilot scale for commercialization

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SEIC, backed by Saudi’s PIF, is expanding its footprint in Egypt
8The focus is on petrochemicals, fertilizers, and oil
8The goal is to strengthen exports and economic cooperation

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Nothjing here suggests a resource downgrade
8Only execution is a problem
8Find out why that is so

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The company's prolific Rajasthan asset suffers from two classic late life headaches.
8Both arriving together.

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8IOCL has bundled eleven specialty chemicals into a single Panipat EOI, demanding ppm-level purity and PESO-backed compliance
8Domestic vendors are being pushed to step into categories long dominated by global players
8The move signals a strategic reversal of import dependence
8But is that going to be that simple?

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8Find out why you need more than just production of SAF to get it rolling to end users

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8IOCL has extended the EPCC-01 HDPE tender deadline ten times, moving the close from 18 March to 14 October. The unusually long runway points to heavy TQ traffic and licensor-interface complexity rather than a change in bid model or securities. Expect tighter final offers — but a later award clock.

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8IOCL’s EPCC-15 tender for the Barauni VRU has slipped by more than 11 weeks through four consecutive extensions. The repeated deferrals point to bidder unease over extensive civil, PESO, and Fire & Gas responsibilities. Whether this marks a new IOCL precedent for downstream packages will be closely watched.

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8The PNGRB’s tender for the Visakhapatnam–Bhogapuram ATF pipeline has now seen multiple deadline extensions and critical clause revisions. Net worth requirements were slashed, then partially raised, while route length jumped from 60 km to 85 km. Such shifts could reshape bidder strategies and delay bid finalisation.

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1) MRPL issues OEM-tight APH tender for Hydrogen II unit with 33-month security lock-up
8Mangalore Refinery has invited bids for a plate-type air pre-heater under unusually tight pre-qualification bars. The tender excludes startups and forces OEM-only participation, while locking up 5% security for nearly three years. The design-plus-service scope signals MRPL’s risk-averse stance on hydrogen unit reliability.
 
3) Fire-water expansion goes dual-award with a –5% price floor
8NRL will split the fire-water and allied mechanical scope between two bidders on common rates. A –5% hard floor and lottery tie-breakers are meant to curb under-quoting while moving faster. The fine print shifts execution risk into measurement discipline rather than discounts.

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1) Wireline logging, perforation, TCP-DST, compact logging and well intervention services for offshore and onshore: An update
8The pre-bid round nudged only where it had to: preventive maintenance is now time-capped, but penalties elsewhere got sharper.
8Bidders wanted split awards and base clarity; ONGC kept the line and told them to price the risk.
8The playbook is cost discipline with bounded maintenance downside, not a re-write of the contract.
 
2) ONGC hardwires a single-source-of-truth SOW and adds a 25% option clause in WON Basin IT upgrade
8The buyer has replaced the entire SOW stack with a corrigendum that trumps every other annex.
8That cleans up precedence but raises the execution bar: OEM-only installation, DR replication and SIEM integration are non-negotiable.
8The option clause keeps procurement elastic while acceptance tests make performance the real gate.
 
3) OIL Mahanadi coring tender: An update
8Oil India has recast when the contract “starts,” switching the effective date to mobilization milestones.
8A 25% option on quantity or duration adds procurement elasticity while shifting volume risk to vendors.
8With the bid window now running to 30 September 2025, participation depth and DS-1-ready capacity will decide the pricing arc.

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1) ONGC tightens O&M-plus-revamp accountability in Ahmedabad effluent plants tender
8The Ahmedabad ETP package binds contractors to both overhaul and long-term operation.
8Clause changes offer only narrow relief, with penalties largely intact.
8Cashflow is tied to PGTR success, raising the entry bar for smaller bidders.
 
2) OIL hard-codes two-hour, certified Tier-1 spill readiness for Kerala-Konkan well
8The Kerala-Konkan OSR tender forces real-world readiness with third-party-certified kits and IMO crews at Kochi.
8Standby pay hinges on inspection-verified availability, while operating pay triggers only when gear hits water.
8With chemicals, fuel and custody costs on the contractor, only truly mobilised players will bid.
 
3) ONGC holds the line on one-day mobilisation, truck-mounted 1¼-inch CTU and no standby despite pre-bid push
8Vendors pressed for trailer-mounted units, 1.5-inch coil and softer penalties; ONGC declined almost all.
8The buyer has nudged only at the margins — a small pumper dimension tweak and wording clean-ups.
8The risk/cashflow centre of gravity remains with contractors under a hard one-day readiness rule.
 
4) ONGC caps PM-delay recovery to 10 days but holds CIS and denial penalties firm after pre-bid
8Pre-bid exchanges moved one needle: preventive-maintenance penalties are now time-capped, with rentals paused during validated overhauls.
8But ONGC refused most price-format relaxations, kept CIS ceilings and job-denial recoveries, and retained mobilization deferment rights.
8The balance tilts to readiness and cost discipline, leaving contractors to price logistics and integration risk into category bids.

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8ONGC has moved the bid clock again, this time to 13 October.
8The scope and rejection triggers remain intact, keeping the bar high on technical and HSE compliance.
8Whether the longer runway widens the vendor pool without inflating day-rate buffers is the real contest.

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8Four hybrid PSVs are on the block, and ONGC has stacked the specs with DP2, Fi-Fi, and 1 MWh battery mandates.
8The EMD alone is Rs 8 crore, and no consortium bids are permitted.
8Which shipyards can meet the endurance, digitalisation, and tax-burdened clauses will decide who sails.

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1) Three extensions delay BPCL Bina refinery DCS tender
8BPCL’s Bina Petchem and Refinery Expansion DCS package has seen three bid date extensions, now closing on 03 October. The cumulative delay stretches to 44 days, underscoring bidder stress around PQC and documentation. The zero-deviation stance remains intact, raising questions about vendor pool depth.
 
2) Petronet LNG pre-bid clarifications tighten vendor risk cover for Dahej PDH-PP pumps
8Petronet LNG’s pump package for its Dahej PDH-PP project comes with sharp risk-transfer clauses. Vendors face obligations on flanges, extended warranties, and stacked guarantees. A metallurgy concession is the only flexibility offered.
 
3) Bid dates shifted via portal notice for PP catalyst buy in IOCL Panipat complex
8IOCL has moved the bid schedule for its 8,800 kg PP catalyst procurement but kept specifics on the portal. The original due date was 2025-09-08 at 15:00 IST. Vendors will need to track the e-tender critical dates table to avoid last-minute surprises.
 
4) Bid deadline pushed by 10 days for OSBL instrumentation commissioning support
8GMPL has extended the bid submission for its OSBL instrumentation commissioning support package by ten days. The commercial and qualification architecture—including SEZ zero-rated quoting, EMD, and ePBG—remains intact. The extra time could widen the bidder pool without changing risk allocation.

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Petronet MHB Limited filters bidders sharply in digitalization tender with strict on-prem and security mandates
8Only two of six bidders survived technical scrutiny in PMHBL’s corporate digitalization program. Security, on-prem hosting, and strict PQCs reshaped competition. Option Clause risks and relaxed Karnataka office norms add fresh complexity.

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8Indian Oil’s attempt to source feasibility consultants for its Paradip propylene oxide–polyol project ran aground despite revised timelines. Mandatory reverse auction and sweeping option clauses deterred credible participation. Cancellation leaves IOCL reassessing how to balance GeM norms with petrochemical realities.

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1) Fabtech sweeps BPCL Bina mounded bullet package with aggressive pricing under 11% spreads
8BPCL’s Bina expansion mounded bullet tender saw Fabtech Projects outbid four rivals across all BoQs. The client softened security deposit rules but tightened GST and ITC compliance. How these shifts affect contractor margins and future package awards remains to be seen.
 
2) String & Weld secures GAIL’s ONGC Jharia–JHBDPL tie-in contract with a 32.6% price gap over L2
8GAIL’s tie-in tender for connecting ONGC Jharia to JHBDPL closed with a stark spread between L1 and L2. String & Weld emerged lowest at Rs 14.33 crore, far below Enerinfra’s Rs 19.00 crore. The aggressive undercutting raises questions on cost realism and execution risks.

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8Project Name: Mirzapur, Chandauli and Sonbhadra  District City Gas Distribution
8Project Cost: Rs 250 crore

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8Project Name: Dakshina Kannada District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

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