News & Bulletin Updates

May 23, 2022: Power Mech: Expanding

8Power Mech is a leading Industrial Services and Construction Company providing versatile and comprehensive services in the power and infrastructure sector. The company presently operates Pan-India and has international operations spread across the Middle East, North Africa, Africa and South Asia
Find out for more on the comapny's plans

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8Neogen Chemicals plans to increase the manufacturing capacity of Specialty Organic Chemicals substantially
8This will support new molecules which have been developed in-house and enhance the ability to do multiple chemistries

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8A meeting of the Board of directors of the company is scheduled to be held on 30th May 2022. The meeting will consider and approve the audited financial results of the company

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8Get the latest rubber prices in Singapore

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8Get the latest rubber prices in Malaysia

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The CGD industry, which is supposedly to see more investments than any other  segment in the oil & gas sector, is in a churn.
8Find out why there is now an increasing divide between new and old players in the busienss.
8Also, there are new policy formulations that are being talked about, all of which are likely to be adversarial to the industry.
8Putting in money in CGD today is possibly more risky than any other segments of the economy

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8It is learned that bids have come in for all packages for the Haldia Petrochemical's Cuddalore plant

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There are some very interesting fresh projections on renewable energy costs going forward, right up to the year 2050
8Then there is the levelized cost of solar and wind-produced hydrogen
8This is global data but find out where India stands in all this

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8LNG terminal capacity is low, and some of the new terminals are struggling to get off the ground on lack of deemand
8Yet this players is planning a new 5 MMTPA LNG terminal
8And plants are at an advanced stage,, and RFQs are out

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This LPG import expansion project is worth Rs 453 crore
8Get the list of contractors here

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May 23, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8LNG
8Crude
8LPG
8Ammonia

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Ammonia Greenfield Project
8Cost: 2773 Cr.
8Project EventThe proposal for the environmental clearance is likely to be submitted in Q2 FY 2022-2023. The RFQ for the contractor is likely to be released in Q2 FY 2022-2023.
Ammonia-Urea Energy Saving Project
8Cost380 Cr.
8Project Event: The PDP development is still ongoing and expected to be received by the end of July 2022, RFQ for the LSTK contractor is likely to be re-released in July 2022. Accordingly, the services of M/s CASALE had been engaged to carry out the Process Design Package (PDP) for the ESP schemes and their integration. However, due to financial liquidity issues faced by the Company, the PDP development had not proceeded as envisaged but was resumed through the commencement of the Kick-off Meeting in December-2020

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A large thermal plant is under completion.
8Get the list of contractors here
Also, RFQ for the DeNOx system package is ahead.
Rs 2000 crore Greenfield Pumped Storage Project
8Get the latest status update
8RFQ for the drilling and drifting work is likely to be floated soon.
Rs 900 crore Greenfield Hydroelectric Project
8Get key contacts here, also check when the RFQ for the Civil works package is likely to be floated.
Transmission line
8RFQ for the 220 kV P/S works package is likely to be floated in Q3 2022
Get in touch with us for more

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8Project Name: Coimbatore District City Gas Distribution
8Project Cost: Rs 300 crore
Speak to us about accessing this project

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8Project Name: Guna District City Gas Distribution
8Project Cost: Rs 300 crore
Get in touch with us for more information on how to access this data

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Dhamra- Angul Greenfield Gas Pipeline Project
8Not that the Dhamra terminal is getting ready, find out on on the status of this pipeline
Get in touch with us to gain access to this database

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May 23, 2022: Our Briefs

8For some vendors and suppliers involved in the oil & gas industry, the going is doing is not easy. Here is a speciality chemical supplier for the oil & gas company in trouble
8Also, there is a seismic services company that has decided to sell out
8Here is an interesting take on how this time around the energy crisis is of a different and far more dangerous nature than ever before
8Fresh LNG capacity is incompatible with a 1.5 to 2 degree warming target. There are some compulsive arguments which have been thrown up
8India's emission control efforts in the transportation has gone nowhere. In fact, emissions are likely to go up dramatically without policy interventions
8There is a senior job availability coming up but will anyone be interested?
8Cyclone Tauktae had wrecked havoc in ONGC's offshore infrastructure. And it has taken a long time for the company to repair the damage
8This agency prepares a monthly update on the Indian oil & gas sector, and it is quite comprehensive, and it is worth going through
8Crew carrying helicopter services are needed
8New Offshore rig contract awarded

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Get the latest update on the Kandla Brownfield LPG Import Terminal Expansion Project
8It is a Rs 720c crore project
Get a complete update here

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On hindsight, the Congress-led government had never been friendly to the fertilizer industry.
8The BJP government is
Find out how

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8Swan Energy Ltd (SEL), a conglomerate with interests in oil and gas and infrastructure businesses, acquired 55% stake in petrochemicals and petroleum products manufacturer Veritas (India) for ?172.52 crore.

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8India’s state-backed Oil & Natural Gas Corporation (ONGC) (NSE:ONGC) is considering placing more offers for Russian energy assets that western majors, such as Shell (LSE:RDSA), BP (LON:BP), and ExxonMobil (NYSE:XOM), are seeking to divest following Russia’s invasion of Ukraine, the Economic Times reported yesterday.

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8FMCG stocks were trading higher on Monday at 10:44AM Umang Dairies(up 7.30%), Hind.Foods(up 4.08%), Nakoda Group(up 2.96%), Euro India Fresh Foods(up 2.52%), Heritage Foods(up 2.21%), Colgate Palmolive(India)(up 2.04%), Britannia Industries(up 2.02%), Hindustan Unilever(up 1.89%), Marico(up 1.72%) and Dabur India(up 1.72%) were among the top gainers.

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8The rise of OPEC and the consolidation of the modern oileconomy after the disintegration of the Soviet Union in 1991 have witnessed global petroleum markets following one simple principle –– supply must match demand. This equation not only keeps the price of petroleum products in check, but also ensures that the world economy remains in balance.

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8Due to a sharp rise in global prices, Chemicals and Fertilizers Minister Mansukh Mandaviya recently stated that the total fertilizer subsidy bill in the current fiscal could be between Rs 2-2.5 lakh crore.

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Robust demand has lifted Zinc oxide prices in the Ahmedabad market today.

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