News & Bulletin Updates

Mar 15, 2022: Capex plans

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8Abhiyan Panel India LLP
8Tagros Chemicals India Pvt. Ltd.
8Weldecore Industries LLP
8NACL Industries Ltd.
8Safe Agrochemicals LLP
8Vision Pharmachem (India) Pvt. Ltd.
8Shri Laxmi Chemical Ltd.

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8Get daily rubber market quotations in Singapore

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8Japanese rubber futures fell earlier this week, tracking losses in the Shanghaimarket, while lower crude prices dampened their appeal and discouraged aswitch to natural rubber from synthetic rubber, which is derived from oil

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The Americans are on a warpath and are talking tough not just to the Chinese but also to the Indian government on staying away from Russia.
8Any attempt to break the sanctions on Russia would attract counter sanctions on the third party, the Americans have warned.
8If India were to break the American diktat under a barter trading arrangement, then will the multinationals working in the oil & gas sector for example, particularly in the E&P as well as in the EPC and equipment supplying spaces in mid-stream and downstream segments be forced by US counter sanctions to stop supplying critical equipment to India or stop working altogether? Of course nothing can be as harsh as what has been imposed on Russia, but it is not known to what extent the US will go to push its agenda in Europe.
8In this context, is it better then to become as Atmanirbhar as possible, while also looking for alternative supplies, perhaps from China?
8Which kind of companies are likely to stop working in India if sanctions are invoked?
Indian fell in line with the Americans when Iran was sanctioned this time around, and we permanently damaged what was our time-tested relationship with that country, are we willing to stand by and do the same with Russia?

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There is a big rush in ONGC tenders these days.
8An EOI for a MOPU for ONGC's marginal fields saw many companies participating
8And the job is not so easy either, as it involves the conversation of a jackup rig into a MOPU

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Offshore wind energy projects are yet to take off in India
8But when they do, there will are collateral costs which will have to be paid

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8City gas distribution companies have begun cutting supplies to buyers in the face of high gas prices

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When is the Rs 467 crore Asanur greenfield POL terminal getting ready?
8Are there any RFQs left?

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What is the current status of the Jagdishpur-Haldia-Bokaro-Dhamra gas pipeline project
8When is the completion date?
8And what is the latest update on what is going on at present

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There are many finer nuances for the energy market due the Russia-Ukraine war
8Here is where you get a full hang of it

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8Project Name: Salem District City Gas Distribution
8Project Cost: Rs 350 crore

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Ammonia-Urea Brownfield Project 
8Cost: 6000 Cr.
8Project EventThe project is likely to be commissioned in June 2022 in place of March 2022 due to the slow progress.96% of construction work has been completed, construction of the bagging building has been completed. RITES is still in the process of laying rail tracks and electrifying. Testing of one of the boilers has also been successfully completed.
Phosphoric Acid & Sulphuric Acid Greenfield Project
8Cost: 1800 Cr.
8Project EventThe RFQ for the EPC contractor is likely to be released in April 2022 in place of January 2022 due to the impact of Covid. The Company has carried out a Detailed Project Report (DPR) through ThyssenKrupp Industrial Solutions for the plant capacity of 600 MTPD Phosphoric Acid and 1800 MTPD Sulphuric Acid. The report from Thyssen Krupp is still under evaluation and the final decision for the Project will be taken up appropriately. The company has already achieved NoC from GPCB for execution

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Mar 15, 2022: Shipments Update

8One Ammonia shipment is coming up on 17th March 2022
8One MOP shipment is coming up on 20th March 2022
8One Sulphuric acid shipment is coming up on 16th March 2022

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Mar 15, 2022: Daily import matrices

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8Chemicals
8
Crude

8LNG
8Fertilizers
8LPG
8Ammonia

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8Privatisation-bound BPCL's plan to amalgamate its wholly-owned subsidiaries, Bharat Oman Refineries and Bharat Gas Resources, into the company will result in greater synergies, Fitch Ratings said on Monday.

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8India will take "appropriate" steps to calm the rise in oil prices, triggered by Russia's invasion of Ukraine, the junior oil minister said on Monday, indicating the country could release more oil from national stocks if required.

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8Mohsen Khojasteh Mehr, head of the National Iranian Oil Company (NIOC), has said that his country is ready to supply the required oil for the world market and stabilise prices.

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8India's heavy reliance on imported Liquified Natural Gas (LNG) as a fertiliser feedstock exposes the nation's balance sheet to ongoing global gas price hikes, increasing the government's fertiliser subsidy bill, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday.

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8The war in Europe is impacting not just India’s import of key fertilizers, but also domestic production of the commodity because of difficulties securing ammonia, a key ingredient of commonly used fertilizer urea, according to industry executives.

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8Russia, the world’s largest exporter of fertilizers, accounts for around 20% of the global supplies of potash, writes Mimansa Verma at Quartz India.

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Petrochem sources in Ahmedabad have reported a steady trend in silica sand prices.

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Petrochem sources in Ahmedabad have reported an increase in manganese sulfate prices.

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A huge gain in copper plate prices was recorded in the Delhi metal market today.

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Electrolytic copper rod prices were reduced in the Delhi market today.

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Petrochem sources in Mumbai have reported a steady trend in adipic acid prices.

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