News & Bulletin Updates

An elevated trend is noticed in phenol prices.

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Aug 22, 2022: Shipments Update

8One Ammonia shipment is coming on 23 August 2022
8One Rock Phos shipment is coming on 23 August 2022
8One NPK shipment is coming on 23 August 2022

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Petrochem sources reported a significant fall in DEG prices in the Hazira market.

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A significant fall in DOP prices was recorded in the Ahmedabad chemical market today.

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Octanol prices have witnessed a sharp fall in the Delhi market.

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8Project Name: Sonipat District City Gas Distribution
8Project Cost: Rs 250 crore
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8Project Name: Meerut District City Gas Distribution
8Project Cost: Rs 350 crore
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Ammonia-Urea Brownfield Project
8Cost: Rs. 6000 Cr.
8Project Event: RFQ for Sindri HURL town ship has been out and bid due date is 7 September 2022. The project is likely to be commissioned in November 2022 in place of September 2022 due to the slow progress.98% of construction work has been completed. Pre- commissioning is ongoing.
Granular Single Super Phosphate Greenfield Project
8Cost: Rs 148 Cr.
8Project Event: The project has elicitedenvironmental clearance, and internal discussion is ongoing. RFQ for the LSTK contractor for SSP plant is likely to be released at the end of September in place of July 2022, due to delay in the discussion

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An increase in C9 solvent prices has been noted in Chennai today.

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The fall in palm wax prices was assessed in the Mumbai market today.

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Petrochem sources reported a significant fall in styrene monomer prices in the Kolkata chemical market.

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8Engineering major Larsen & Toubro is committed to work across the green energy value chain and plans to invest up to USD 2.5 billion over the next 3-4 years, a company official said.

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8Assam-based central PSU Brahmaputra Crakers and Polymers (BCPL) has proposed to invest Rs 450 crore for a naphtha import storage and despatch facility in Haldia port area in West Bengal, a senior official said on Thursday.

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8Domestic crude oil producers received some respite from the government during the third fortnightly review of the windfall gains tax last week.

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8Indian Oil Corporation Ltd (IOCL) will be required to pay various charges and give bonds to transit petroleum from Meghalaya to Tripura through Bangladesh, according to a notification from the National Board of Revenue (NBR) at the end of last week.

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LPG is making a dramatic raid on the hegemony of natural gas.
8And if the spread between gas and LPG continues at the level it is today, it can eviscerate the gas supply industry

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Carbon black grade N220 prices have gained in the Delhi market, today.

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A gain in NBR grade 220s prices was noted today in the domestic market of Mumbai.

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Triazolone (95%) prices have registered a sharp fall in the Delhi market today.

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Today, a sharp hike in fipronil (95%) prices was announced in the Ahmedabad market.

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Pymetrozine (97%) prices were much higher in the Mumbai market today.

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

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On August 22, 2022 imidacloprid (97%) prices were much higher in the Delhi market.

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 Rs 1800 crore greenfield hydroelectric project: 400 kV GIS S/S works in September 2022
8The survey and investigation work for the T/L from the powerhouse to the common P/S has been completed
8Mobilization has been completed. Excavation and boring works for HRT are in progress.
8The techno-economic clearance and forest clearance (Stage-I&II) have been accorded.
8The 400 kV GIS S/S works are likely to be floated in September 2022 instead of  August 2022  due to delays in the P/S survey and investigation works.
Rs 5200 crore greenfield standalone pumped storage project: Civil works package(lot-1) in Q4 2022
8The Water Resource Department and Energy Department have approved the project.
8DPR is in the advanced stage for completion. Pre-DPR chapters have been approved by the CEA.
8EIA/EMP and SIA studies are in progress and it is in the advanced stage of completion.
8The Civil works package(lot-1) is likely to be floated in the second half of Q4 2022 instead of Q3 2022.
Rs 13000 crore greenfield standalone pumped storage project: SIA consultant in October 2022
8Geotechnical investigation and topographical survey works were completed and the reports are under examination by GSI
8FC stage -1 is pending at the nodal office.
8Drilling and drifting works at the site are in progress.
8RFQ for the SIA consultant is likely to be floated in October 2022.
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Petrochem sources from Kandla have reported a huge rise in toluene prices.

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