News & Bulletin Updates

8The price witnessed a movement, find out by how much

8Here is the analysis

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8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals

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1) IOCL Panipat awards corrosion-control contract for AVU-I high-TAN operations
8IOCL Panipat has finalised the two-year corrosion-control package for AVU-I. The deal covers continuous dosing, KPI-linked monitoring, and 48 passivation cycles. Stricter per-unit penalties and overhead-flow-based dosing criteria mark a clear tightening of performance governance.
2) BPCL tightens custody control in ATF survey ARC
8The new contract embeds monthly variance tracking between refinery and airport. It institutionalises accountability for every litre transferred. Future contracts may replicate this reporting regime

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8The company cleared its September-quarter results
8It approved the appointment of Sanjay K. Asher
8It also sanctioned a large investment into its EU subsidiary

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8The company finalised its Q2 and H1 financials
8Review reports were provided by Deloitte
8The update is now on record with the exchanges

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8Mitsui Chemicals announced a major expansion of SDC Technologies in California
8The move boosts R&D, production, and innovation
8Mitsui Chemicals calls SDC a core part of its vision-care strategy

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A CEO conceded that LNG stations “are not picking up that fast.” Even by year-end, only 10–15 new sites may materialize
8This is a fraction of earlier expectations, exposing how thin the downstream gas build-out really is.

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A private campaign shows that depth is not the monopoly of heavy rigs.
8A 3,900-metre well drilled with a 1,000 HP setup demonstrates that efficient well design and disciplined execution can narrow India’s onshore cost curve.
8The result: lower horsepower, lower costs, and a new baseline for inland drilling capability. Clearly, horsepower ratings don’t define limits — engineering intent does.

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8Find a snapshot of thermal, hydro, pumped storage,
solar, wind, BESS and T&D contracts related updates for the day

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The LNG capex boom is now being followed through with another  kind of storage boom
8And that covers storage infrastructure into a cross-fuel logistics network—from cryogenic LPG to ammonia and industrial liquids.
8And this private enterprise has lined up a whopping Rs 42,000 crore of capex in the next five years

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8Project Name: Faizabad and Sultanpur District City Gas Distribution
8Project Cost: Rs 200 crore Click here for more details

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8Project Name: Hyderabad District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

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8Here's what's happening today in the E&P, midstream-downstream, and CGD section

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8The PSV tender’s corrigenda move money, forms and timelines into sharper focus.
8Bid-bond validity stretches to 150 days while the financial BEC now demands Rs 175 crore turnover and Rs 52.5 crore working capital.
8Consortium routes close under PPP-MII even as a narrow CPSE comfort-letter lane stays open.

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In India’s largest gas conduit, demand continues to trail far behind its design throughput
8The pipeline is ready, the steel is sunk yet industrial offtake hasn’t caught up.
8Even as new city-gas networks mushroom, the core backbone is underused.
8The mismatch underscores a deeper policy dilemma — demand creation hasn’t kept pace with infrastructure ambition.
8The irony is that supply hubs are full and industrial draw is lagging.

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8OIL’s Baghewala study is shaping up as a quality-first contest with tight delivery rules.
8A high cut-off, Petrel-ready handovers and a no-subcontracting bar are redrawing the field.
8The qualified set reflects who can actually run inversion-to-prospect workflows end-to-end.

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1) Cairn surveyor services EoI sets strict technical pedigree and flexible parent-consortium financing gates
8Cairn has opened an EoI for surveyor services that puts metrology credibility ahead of everything else.
8The financial door is wider—if you can back it with a parent guarantee or a proportionate consortium.
8The real tests, from standards to liability caps, are still to come at the NCB stage.
2) Cairn iPCPs EoI sets CO-ready PCP pedigree and tight proportional guarantees for consortia in Barmer
8Cairn wants insert-type and conventional PCPs that can survive Aishwarya’s CO-rich reality.
8The door is open to mid-scale OEMs—if they can backstop with parent guarantees or share risk proportionately in a consortium.
8The real contest will hinge on elastomers, metallurgy, and warranty-LD math when the RFP drops.
3) ONGC fixes OEM-tooled inspection and e-PBG discipline for cable telemetry seismic systems
8ONGC’s seismic TPI tender shifts power to measured, OEM-witnessed checks rather than paperwork alone.
8A quantified sampling regime and commissioning sign-offs push reliability assurance upstream.
4) Award consolidation signals single-vendor preference for ONGC Hazira TPIA
8All three line items under the Hazira third-party inspection package were awarded to Certification Engineers International Ltd.
8The absence of competing L2/L3 disclosures and the “non-divisible” note indicate ONGC’s deliberate move toward a single-vendor oversight structure.
8That consolidation prioritises uniform governance and accountability over price spread visibility, reinforcing a tighter, centralised inspection model.
5) One clears, one falls as ONGC Ankleshwar tightens compliance in leak sealing contract
8The Ankleshwar leak-sealing package is now running on stricter policy rails and a cleaner price sheet.
8The real story lies in how the corrigendum and ATC have reshaped the gates bidders must cross.
6) Time relief, money discipline: eight-month revamp cleared but price rails and LDs held in ONGC Ahmedabad ETPs (ZV8BC25004)
8Bidders won time but not softer terms.
8ONGC stretched the revamp window to eight months and tied tenure to take-over, yet kept payment staging, caps and LDs intact.
8The bid clock also moved after replies, and financial criteria were re-based—not relaxed

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1) Sole-bidder tests documentation discipline on short-tenor HOC call-out in ONGC Cambay asset
8One bidder is in for ONGC Cambay’s five-month HOC call-out.
8The evaluation now hinges on paperwork precision and unit readiness rather than a crowded price fight.
 
2) OIL MBP drops pre-bid meet and locks 4 December close in charge rig-hire
8The Mahanadi onshore rig charter just shed its pre-bid conference and fixed a hard closure.
8A new option clause lets OIL swing quantity or duration by a quarter.
8Bidders now have six days to lock clarifications and price in the optionality.
 
3) ONGC Mehsana corrigendum centralises tie-break in BEC, extends EMD validity, and tightens post-bid governance
8The turnover-based tie rule inside work-distribution is gone—and reborn as a single BEC clause after a cartel check in civil works for deployment of drilling rigs at various drill sites in Mehsana.
8EMD stays parked longer, and post-bid conferences now trigger at a far lower threshold.
8The direction is unmistakable: tighter paperwork, fewer grey zones, and an edge for stronger books.
 
4) Bid window pushed to 02 December for CTU/NPU/FPU well-servicing package in Oil India Limited
8OIL has moved the bid clock to 02 December 2025 while keeping the risk envelope intact.
8Technically, the tender pushes reliability to the front: ≥5-year residual life anchored to the original BCD and pre-mobilization TPIA sign-offs make aging CT/N2 fleets harder to pass without refurbishment records.
8That should reduce down-time risk in coiled-tubing and nitrogen operations and improve HSE posture around pressure-control assemblies.
 
5) Corrigendum-I moves bid closing to 26 November without softening terms in ONGC Hazira plant (ARC repair/fabrication/valves)
8ONGC has pushed the bid window to 26 November 2025 and aligned the opening to 27 November.
8The risk spine—EMD/PBG, 24×7 readiness, emergency stock and TPIA-verified BEC—stays unchanged.
8That tilt widens participation but preserves execution discipline.
 
6) OIL pushes 3,000 KLPD ZLD-desalination bid to 02 December 2025, widening the field for compliant BOO offers
8A complex BOO ZLD scope rarely clears on a tight clock.
8OIL has moved the bid close from 12 September 2025 to 02 December 2025, even as high EMD/ePBG guardrails stay intact.
8The real story is what this extra 81 days does to participation quality and by-product risk planning.

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8GAIL’s latest HPRT procurement for Pata comes as a twin tender, separating technical and performance bids into distinct e-IDs. EIL’s zero-clarification rule and strict API 610 compliance mark a notable shift in rotating-equipment governance. The structure may become the template for future energy-recovery packages across its gas-processing grid.

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8Clearly the instructions are to set up a string of projects

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8The tender formalises an inter-PSU settlement

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8A rare 90 percent EMD cut and expanded feed-spec obligations redraw the contract’s financial and technical architecture. Whether these corrections spur wider global participation will be clear
8Bidders objected to dependence on PMC approval for final BEDP acceptance and payment, arguing lack of contractual control.
8The removal of the “banning order by another Oil PSE” phrase from eligibility criteria narrows the scope of disqualification and could allow return of some international vendors previously barred elsewhere.

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8The tender formalises an inter-PSU settlement

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1) Bid deadline extended thrice for EIL’s Dahej PDH-PP vessel package under
8EIL’s vessel tender for PLL’s Dahej PDH-PP plant has slid from 3 October to 25 November 2025 after three extensions. The extra 52 days reflect tight fabricator availability and UOP-linked NDA procedures. Bidder qualification and PESO clearances remain unchanged, keeping competition concentrated among few heavy-vessel shops.
 
2) Third extension pushes EIL bid closure to 18 Nov for BPCL Kochi pump package
8Engineers India has granted a third one-week extension for the centrifugal pump tender under BPCL’s Polypropylene Project at Kochi. The cumulative 22-day slip reflects vendor registration and NDA clearance delays under the T.EN-linked confidentiality framework. The shift compresses downstream award timelines for the project’s utility stream.
 
3) BPCL extends NHGU turbine-generator bid deadline to 18 November
8BPCL has extended the NHGU steam-turbine-generator tender by two weeks after OEMs sought additional time for pre-bid clarifications. The extension keeps technical and commercial terms unchanged. It underscores BPCL’s preference for bid-quality assurance over speed in a tightly engineered refinery retrofit.
 
4) GAIL extends DUPL–DPPL PMC bid by a week after scope and tax revisions
8GAIL’s pipeline-augmentation PMC tender will now close on 18 November after back-to-back corrigenda tightened scope and rewrote tax clauses. The extension gives bidders time to price under the new GST rules and a recast single-spread execution model. With QCBS weighting unchanged, the shift tests how EPCM houses adjust to GAIL’s compressed delivery philosophy.
 
5) Bid submission for BPCL Bina SPP pump package extended to 25 Nov
8EIL has granted a two-week extension for the centrifugal pump package under BPCL’s Bina petchem expansion. The move comes amid strict API 610 qualification and licensor-linked NDA obligations. The extension is expected to broaden participation without altering scope or financial terms.
 
6) Bid timeline pushed to 18 Nov for PLC package for CO? Conversion project
8HPCL has extended its GeM tender for the PLC package under its CO? Conversion pilot by a week, signalling slower vendor turnaround despite detailed technical clarity. The extension moves the close from 11 November 2025 to 18 November 2025, retaining all bid and bank-guarantee conditions. The shift suggests delayed vendor mobilization or documentation finalization at a technically dense stage.

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1) Seven-round bid-deadline drift in NRL PFCC/MS Instrumentation tender highlights EPCM-1 coordination churn
8After seven sequential extensions totaling nearly two months, NRL has reset the Group-A instrumentation submission to 18 November. Clarifications on hook-up material and manpower metrics also reshaped bid pricing logic. Behind the routine timeline change lies a tighter procurement discipline and vendor screening shift within the expansion’s EPCM matrix.
 
2) Seven extensions and QA re-vetting reshape NRL’s Group B instrumentation tender
8NRL’s PFCC-MSB instrumentation lot has moved through seven date revisions and multiple technical addenda. With hook-up standards reset and inspection agencies trimmed, bidders face a more disciplined EPCM-1 regime. The pattern highlights how Numaligarh is re-aligning procurement control in its 9 MMTPA expansion.
 
3) NRL extends PRU instrumentation tender again, pushing final submission to 18 Nov 2025
8Five successive extensions now stretch the EPCM-1 Group A tender by 43 days. Clarified BOQ clauses and holiday-vendor updates suggest a tightening of quality controls rather than schedule slack. What remains unclear is whether bidders can hold pricing amid creeping delays.
 
4) NRL extends Group-B instrumentation tender for GDS and PRU by six weeks amid vendor re-alignments
8Five successive extensions have pushed the Numaligarh Refinery instrumentation bid to 18 November 2025. The changes coincide with inspection-agency revisions and holiday vendor updates. Stakeholders see it as a schedule realignment across EPCM-1 packages rather than a procedural delay.

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