News & Bulletin Updates

Styrene Monomer prices in the Hazira market were assessed lower today.

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8The urea import tender of IPL showed a shockingly low price
8So low that India may not be able to get what it wants at that price 

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MMA prices are demonstrating a robust increase in the Kandla chemical market.

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Tetrasodium pyrophosphate prices in the Delhi market have fallen sharply.

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Here is a prominent ONGC contractor, with several jobs in hand, but under severe financial pressure
8Deadlines are being missed, vendors are not getting paid
8It is not just this contractor, but there is pain across-the-board, it seems, for vendors who took orders earlier, when the commodity super cycle had not begun
And nothing can be done

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8There has been some development on the OIL India CMD appointment front

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Megha Engineering & Infrastructure Ltd has not put in a competitive bid for a project outside of India
8And there is another Indian company in the race

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8Project Name: Navsari District City Gas Distribution
8Project Cost: Rs 350 crore
Call up our sales team to get access

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Here are some updates that will be of interest to our readers on
8Bathinda-Sangrur pipeline: Rs 355 crore
8Expansion of Rewari Terminal (IOCL): Rs 100 crore
8Expansion of PLL LNG Dahej Terminal: From 20 to 25 MMTPA

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DOP prices were quoted lower in the Mumbai chemical market today.

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For fertilizer plants, for promoters to get to the right bidder is never an easy job. There are always contractors willing to bid, but find the right company for the job at an acceptable price is always a challenge
Ammonia-Urea Brownfield Project
8Cost: 6000  crore
8A tender has re-released because for one of the packages, the L-1 bidder, in this case, Linde's price was found to be too high
NPK Plant Greenfield Project
8Cost:915 Cr.
8Project Event: The bid due date for the LSTK contractor has been extended from 22 July 2022 to 10 August 2022 due to a lack of a suitable bidder

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Low phenol was reported today at Kandla.

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

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

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Rs 2500 crore greenfield hydroelectric project: EM package ahead
8The EC and forest clearance stage -1 was accorded by the MoEF and CC
8LOA for the civil and HM works is expected by Aug. 2022
8Find out who the major contractors involved in the project are
8The EM package is likely to be floated in September 2022
Rs 1100 crore greenfield hydroelectric project: EPC package ahead
8The civil works contractor has started work
8The HM works contractor has completed the mobilization.
8Find out who the major contractors are.
8The EPC package for power evacuation is likely to be floated in Q4 2022
Rs 700 crore greenfield hydroelectric project: Civil works
8The hydrology report was accorded by the CWC.
8WAPCOS completed the [re[aration of New DPR.
8Pre-bid meetings for the civil works package(lot-1) are about to conduct.
8Civil works package(lot-2) is likely to be floated in October 2022
Khetri-Narela Transmission Ltd seeks transmission licence
8The company are seeking transmission licence to establish “Transmission System Strengthening Scheme for Evacuation of Power from SEZ in Rajasthan (8.1 GW) under Phase-II Part-G”
8Find out what the regulator said
Rs 950 crore greenfield hydroelectric project: PMC selected, civil works package ahead
8SIA report is at an advanced stage of completion
8Construction of the approach road to the dam site has been completed.
8PMC has been selected
8DPR is at an advanced stage for completion.
8Civil works package is expected by Q4 2022.
Rs 500 crore greenfield hydroelectric project: EPC package ahead
8Social impact assessment studies have been conducted by AFC India Ltd
8The public hearing was completed.
8The state govt has completed the construction of the approach roads
8EPC package for main plant works is likely to be floated in October 2022.
Rs 400 crore thermal power station renovation and modernization project: TG retender soon
8The tender for the SG package was floated.
8Find out who are the qualified bidders under techno-commercial bidding.
8Retender soon for the TG.
8RMLE works for DeNOx and ESP is likely to be floated in August 2022.
Rs 200 crore 220 KV D/C transmission line: Package ahead
8The survey and investigation for the same were completed.
8FC stage -2 has been granted in January
8Moose conductor package is likely to be floated in August 2022.
(Get in touch with us, should you want to know more about these projects, contact us, give us a call)

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Jul 21, 2022: Shipments Update

8Two Rock Phos shipment is coming on 20 July 2022
8One Suphuric acid shipment is coming on 21 July 2022

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8India’s current account deficit is expected to widen substantially to 3% of GDP in 2022 and hamper growth, despite the increase in cheaper crude oil imports from Russia.

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8Gazprom Singapore has failed to deliver some liquefied natural gas (LNG) cargoes to Indian state firm GAIL Ltd and has said it may not be able to meet supplies under their long-term deal, three sources familiar with the matter said.

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8Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of stateowned Oil and Natural Gas Corporation (ONGC).

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8The Centre on Wednesday scrapped export tax on petrol, cut the levy by a third on diesel and jet fuel, and brought down the windfall tax on domestic crude by 26% in step with recent moderation in benchmark prices.

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8India plans to secure fertiliser supplies and hedge against price rises by expanding its footprint in mineral-rich countries through investments and multi-year import deals, fertiliser minister Mansukh Mandaviya said on Wednesday.

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8Fertilisers shares closed higher in the Wednesday's session.

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8Kakrapar atomic power project is being executed by NPCIL
8Find out what the commissioning schedule is for its units

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8The company has agreed to make an investment in Covacsis Technologies Private Limited to provide enhanced Energy Management Solutions
8Find out more

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8Here is an update on the capex plans for hydro power sector

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