News & Bulletin Updates

Get updates on the following midstream projects. What is the latest on them, what is up ahead?
8Mallavaram-Bhopal-Bhilwara-Vijaipur gas pipeline (GITL)
8Kochi - Salem Greenfield LPG Pipeline
8Irugur - Devangonthi Petroleum Product Pipeline Greenfield Project
8Kakinada- Vizak- Srikakulam Natural Gas Pipeline (APGDC)

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Megha had bid almost Rs 1000 crore less than the L-2 bidder for the INDMAX FCCU unit in the Koyali refinery of Indian Oil Corporation.
8This is one of the first projects taken in the downstream sector by Megha.
8Technip is the PMC, so what is the update on progress of this project so far?
8All eyes are on Megha and how it is doing in this particular project

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How long is it going to take for the CPCL's 9 MMPTA Nagapattinam bids to be opened?
8Bids had been submitted some time ago
8Get a rough time estimate

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Rs 290 crore construction 400 KV 2xD/C Transmission line: 400 kV GIS S/S works in September 2022
8The approval from the PTCC, defense, and civil aviation departments has been granted.
8Land acquisition has been completed for sub-station works.
8The erection and fabrication of lattice tower works are in progress
8The 400 KV GIS S/S works package is likely to be floated in September 2022.
Rs 653 crore greenfield hydroelectric project: EPC package in October 2022
8The PPA was signed with State Government.
8The FC stage-2 was pending at the nodal office for the diversion of forest land
8The hydrology report has been approved by the CWC.
8The EPC package for civil and HM works is likely to be floated in October 2022.
Rs 4508 crore greenfield hydroelectric project: civil works delayed
8Constructed the approach road to the dam site has been completed.
8The construction works getting delayed due to unexpected geological conditions at the site.
8The expert geological team is likely to visit the site. Consultation is in progress
8The HM works package is likely to be floated in Q4 2022.
 Get in touch with us for more on these projects

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Ammonia-Urea Brownfield Project
8Cost: 6500 Cr.
8Project Event: RFQ for the HURL town ship has been out and bid is dueon 12 September 2022. Bid due date for additional Dryer unit has been extended from 29 June to 25 August 2022, due to lack of bidder. The production of the complex has started in Feb 2022 with 60 % of the production capacity. The construction of the railway line is not completed yet. the complex is using truck transportation for the time being.
Ammonia Storage Tank Greenfield Project
8Cost: 100 Cr.d
8Project Event: The RFQ for the ammonia storage tank with associated facilities has been re- released and bid due date is 29 August 2022 .The previous tender had cancelled due to lack of suitable bidder

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8Project Name: Dakshina Kannada District City Gas Distribution
8Project Cost: Rs 350 crore
Get in touch with us should you need more information

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8Project Name: Patna District City Gas Distribution
8Project Cost: Rs 250 crore
Call up our sales team to get access

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8Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world's largest crude importer, spurred fresh concerns about a potential global recession that could hit energy demand.

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8The just-introduced tax on windfall energy profits of oil refiners like Reliance Industries is not only levied on the diesel they export but also on the supplies they make to fuel retailers within India, sources said.

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8India's Nayara Energy, part owned by Russian oil major Rosneft MM, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.

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8India, the world's third biggest oil importing and consuming nation, achieved the target to blend 10 per cent sugarcane-extracted ethanol in petrol ahead of schedule, Prime Minister Narendra Modi said.

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8State-owned Bharat Petroleum Corporation Ltd (BPCL) will invest Rs 1.4 lakh crore in petrochemicals, city gas and clean energy in the next five years as it looks to non-fuel businesses for growth.

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8Paradeep Phosphates Limited had earlier intimated about the acquisition of the fertilizer plants at Goa and associated businesses of Zuari Agro Chemicals Limited (ZACL) on slump sale basis pursuant to the Business Transfer Agreement (BTA) executed by the Company with ZACL on March 01, 2021, which has been consummated with effect from June 01, 2022.

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Petrochem sources reported a significant fall in VAM prices in the Ahmedabad chemical market.

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Silver prices registered a rise in the market of Delhi.

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Petrochem sources reported a significant fall in gold prices in the Mumbai market.

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Today, a sharp low in propiconazole prices was announced in the Mumbai market.

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On August 16, 2022 difenoconazole 95% prices fell in the Delhi market today.

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A sharp cut in tricyclazole 95% prices was announced in the Ahmedabad market today.

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Azoxystrobin 98% prices were much lower in the Mumbai market today.

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On August 16, 2022 chlorothalonil prices were down in the Ahmedabad market today.

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A sharp fall in MMA prices in the imported market of Mumbai was recorded today.

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On August 16, 2022, trading sources reported a fall in cyclohexanone prices in the Mumbai chemical market.

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A significant fall in phthalic anhydride prices was recorded in Chennai today.

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An elevated trend is noticed in acrylonitrile prices.

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