News & Bulletin Updates

8Project Name: Unnao District City Gas Distribution
8Project Cost: Rs 250 crore
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8Project Name: Faizabad and Sultanpur Districts City Gas Distribution
8Project Cost: Rs 200 crore
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Ammonia-Urea Energy Saving Project
8Cost:250 Cr.
8Project Event: RFQ for the LSTK contractor is likely to be released in July 2022. The feasibility study is still ongoing

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While competition is intense in some fields, this particular company seems to be having trouble getting adequate bids within its reserve price for its tankage project
8Cost is Rs 100 crore

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May 12, 2022: Shipments Update

8One DAP shipment has reached on 11 May 2022
8One MOP shipment is coming on 16 May 2022

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Get here the cotton prices for today
8China Cotton Index : 11-05-2022: 22313 Yuan (Changed: -7)
8Karachi Cotton Association Spot Rate: 11-05-2022: Pak 21180 (37.324Kg) (Un-Changed: )
8MCX - Cotton Future : 11-05-2022: June : 2022 : Rs. 47780 (Changed: +340)
8NYBOT- Cotton Future: 11-05-2022: May: 2022 : $ 143.60 (Changed : +0.66)

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May 12, 2022: Daily import matrices

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8Chemicals
8
Crude

8LNG
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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8The Power utilities coal dispatch have gone up by 18.15 % to 61.81 MT during April 2022 as compared to 52.32 MT in April 2020
8Find out more

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8TPREL is a wholly-owned subsidiary of TPCL. It is the primary investment vehicle for Tata Power Group’s clean and renewable energy-based power generation capacity. The overall renewable portfolio of the Tata Power Group in India stands is 3.31 GW, comprising 2.03 GW on the books of TPREL, 1.01 GW of WREL, 43 MW of TPCL and 234 MW on the books of subsidiaries of TPCL and TPREL
8The company however is facing a funding issue
8Find out more

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8The governemnt  has directed PFC and REC Ltd to take necessary action to arrange short term loans for six months with adequate safeguards, for ICB plants which are under stress
8These plants need working capital to buy coal and start generating power to restart their operations

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8Saudi Aramco on Wednesday dethroned Apple as the world's most valuable company as surging oil prices drove up shares and tech stocks slumped.

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8Finance minister Nirmala Sitharaman in the 2021 Union Budget had announced the monetisation of oil and gas pipeline assets of IOC, GAIL and HPCL.

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8Oil marketing companies including Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) have entered into a long-term purchase agreement (LTPA) for upcoming dedicated ethanol plants across India, the government said in a press release on Wednesday.

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8Coal India-arm Northern Coalfields Ltd (NCL) on Wednesday said it has planned a capital expenditure of Rs 1,900 crore in the current financial year.

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8A purely mechanical method can produce a novel, more sustainable fertiliser in a less polluting way.

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8ReMo Energy has announced the launch of its first commercial product, a nitrogen fertilizer that addresses the combined challenges of high fertilizer costs and climate change. ReMo Energy has been founded to make fossil-based chemicals from renewable energy.

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8Zuari Agro Chemicals group company Paradeep Phosphates Ltd, where the government holds a 19.55% stake, is launching its initial public offering (IPO) on 17 May, the company said in a stock exchange filing

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On May 12, 2022, the Kolkata market witnessed a small rise in formaldehyde prices.

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An elevated trend is noticed in MIBK prices.

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The Ahmedabad market witnessed a fall in BPA prices.

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C5 petroleum resin prices firmed up in Mumbai in anticipation of tight regional product avails and improved buying sentiments.

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On May 12, 2022, Petrochem sources reported a significant fall in tetrahydrofuranprices in the Mumbai chemical market.

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A lift in glycerineprices in the Delhi market was recorded today.

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On May 12, 2022, Petrochem sources confirmed that manganese oxide prices have slipped in the Ahmedabad market.

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A huge cut in copper rod 3mm oxygen-free copper wire prices was noticed today in Delhi.

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