News & Bulletin Updates

8Granules India announces the resignation of Krishnamohan B., VP & Head-IT, effective June 2, 2025
8The leadership change comes as Krishnamohan exits for better job prospects, marking a key transition in the company’s IT leadership

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8ADNOC’s 2027 molten sulphur carrier delivery from China highlights its long-term planning
8The investment reinforces its position as a leading global sulphur exporter

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8As Shukla assumes interim CMD duties, strategic shifts may be on the horizon
8Industry experts should gauge the impact on HOCL’s market and operations

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8The simultaneous exit of three senior executives from IOCL prompts a strategic review
8Industry players should monitor potential impacts on project timelines and operational priorities

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8Reliance to hold one-on-one meetings at Morgan Stanley India Forum
This move highlights Reliance’s proactive investor outreach while safeguarding sensitive data

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8Ankit Agrawal’s exit may trigger major financial leadership changes
8Industry analysts should monitor how this transition impacts its market positioning

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8India Glycols Limited plans a share split to boost market liquidity
8The move aims to attract a wider base of investors
8This could reshape trading behaviors and shareholding patterns

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Sudarshan's ambitious acquisition of Heubach's pigment business encounters hurdles
8This has led to delaying in financial results
8Learn why integration complexities and insolvency issues are key factors

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It does a re-branding exercise
8Exceptional profits marred by quarterly losses, revealing challenges in managing operational expenses and market volatilitiy
8Kavin Mirchandani, Bhavesh Shah, and Vivek Verma appointed to key managerial roles
8The point to note is that despite impressive annual revenues, escalating expenses reflect underlying financial strain
8Decision to pay out dividends underscores investor commitment amidst turbulent market conditions
8High capital expenditures coupled with significant borrowings amplify short-term liquidity pressures
8There is asset accumulation amidst a challenging debt scenario

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The leadership team, with stints at BG, Vedanta, and Cairn, is driving strategic reorientation
8From asset expansion to low-cost monetization.

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8After acquiring Astro Offshore, the group has unveiled an ambitious offshore and marine expansion blueprint.
8The annual report for FY 2024–25 details how the company is repositioning its marine services portfolio as a global-scale offering:

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8Find out more

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8Current news on the latest developments in fertiliser, energy, weather, agriculture [FAI]
8Financial results for the year ended March 31, 2025 [APFL]
8Financial results for the year ended March 31, 2025 [SCFL]
8Financial results for the year ended March 31, 2025 [BAFRL]
8Appointment of secretarial, internal, cost, and tax auditors for FY 2025-26 [BAFRL]
8Financial results for the year ended March 31, 2025 [TAIL]
8Financial results for the year ended March 31, 2025 [KICL]
8Financial results for the year ended March 31, 2025 [PBGL]
8Financial results for the year ended March 31, 2025 [SRL]
8Annual secretarial compliance report for the year ended March 31, 2025 [Coromandel]
8Financial results for the year ended March 31, 2025 [NFL]
8Penalty for SEBI LODR non-compliance for quarter ended March 2025 [RCFL] click here to download
8Change in CFO: appointment of Mr. Shobhit Matanhelia and resignation of Mr. Shashi Srivastava [AFL]
8Financial results for the year ended March 31, 2025 [NFCL]
8Intimation of change in registered office address within the same city [NFCL]
8Re-appointment of Mr. Rajendra Mohan Gonela as independent director for second term [NFCL]

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8Bidders must commit over Rs 2 crore in bid security to qualify for OIL’s 160 TPD MSW-based CBG plant EPCOM tender.
8This upfront cost signals a large contract scope and aims to weed out non-serious contenders early in the race.
8With 188 MW of RE and a green hydrogen pilot already in place, this 160 TPD MSW-CBG tender signals OIL’s continued diversification from fossil fuel E&P into downstream bioenergy production in Northeast India.
Click on Details for more

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Suphala Plant Revamp Project
8Cost: Rs. 50Cr.
8Project Event: The bid submission deadline for the Replacement of the DRA and DRB Scrubber Structural Tower has been extended from May 29, 2025, to June 18, 2025. The RFQ for this project has already been issued. Additionally, the Expression of Interest (EOI) for vendors regarding the revamp of the Suphala plant's Reaction Scrubbing System, intended to handle higher process loads, was previously due on May 10, 2025. Still, the deadline has now been extended to June 5, 2025.
Urea Synthesis Reactor Revamp Project
8Cost:Rs. 100Cr.
8Project Event:The RFQ for the supply of the Urea Synthesis Reactor has been reissued. Initially extended from April 28 to May 30, 2025, the bid due date has now been further extended to July 15, 2025, due to a lack of suitable bidders in the earlier round. ISGEC, L&T, and Fabtech Projects had previously shown interest.

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

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Here is a high-intensity BOO refinery plant being handed out as bait — land, utilities, and feedstock included.
8But there's a big catch: no guaranteed buyer for the product.
8Can this model really work? What can the product be used for? The website explores potential uses

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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8LNG
8Crude
8Chemicals
8Fertilizers
8Coal and Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo

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8Domestic natural gas price for the period 1st June 2025 to 30th June 2025 [PPAC]
 
8CGD MIS report – March 2025 [PNGRB]
 
8Change in directors [CSL]
 
8Investor presentation – May 2025 [Savita Oil]
 
8Investor presentation: FY 24-25 [EIL]
 
8Business responsibility and sustainability report for FY 2024–25 [Adani Port]
 
8Integrated annual report of the company for 2024-25 [Adani Port]
 
8Resignation of senior management personnel [IRM]
 
8Completion of charter of vessel SEAMEC III with Asian Energy Services Limited [Seamec]
 
8MRPL secures US patent for innovative Iso-Butyl Benzene (i-BB) production technology [MRPL]
 
8Code of fair disclosure of unpublished price sensitive information [RIL]
 
8Superannuation of Shri Ajith Kumar T.R. – cessation as CFO & KMP [GSPL]
 
8Clarification on board composition and independent director appointments [OIL]
 
8Receipt of communication from regulatory or legal authorities [GAIL]
 
8Submission of business responsibility and sustainability report for FY 2024-25 [ATGL]
 
8Integrated annual report of the company for 2024-25 [ATGL]
 
8Investor presentation [Selan]
 
8Financial results for the quarter and year ended March 31, 2025 [Swan]
 
8Board approvals on KMP designations and auditor appointments [Swan]
 
8Approval for CPCL’s Rs.1,620 crore investment in Group-II/III lube oil base stock project [CPCL]
 
8Change in senior management [HPCL]
 
8Changes in senior management [HPCL]
 
8Annual secretarial compliance report for the year ended March 31, 2025 [HOEC]
 
8Indian Oil finalizes India's largest green hydrogen project at Panipat [IOCL]
 
8Change in senior management [IOCL]
 
8Today's update in E&P, midstream-downstream & CGD sector

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

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CBG ROLLOUT HEATS UP: 40 PMC MAN-MONTHS PER SITE TO SUPPORT 15-MONTH DELIVERY PLAN
8The refiner's green arm seeks PMC for two 15–20 TPD CBG plants, with paddy straw as the primary feedstock—aligning renewable energy with farm waste management.
8And the company wants to deploy multi-disciplinary engineering teams at both project sites with hybrid delivery models and site presence across civil, mechanical, and electrical disciplines.
8This is a new two-project complex coming up ahead

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RARE TURBINE-ELECTRIC PACKAGE HITS MARKET: BINA PETCHEM OPENS BID
8A few local qualified players in India likely to meet BPCL’s rigorous field-proven benchmarks for HPRT-Electric Generator systems under API 610 though BPCL permits Indian subsidiaries of foreign OEMs to qualify based on parent track record, but only under strict corporate and operational guarantees.
8The scope includes converting 154 kg/cm² process pressure to electrical energy — a smart integration move for downstream process efficiency.
DELAYED BIDS HINT AT INTENSE QUALIFICATION HURDLES IN SWING UNIT TENDER
8Two deadline extensions for BPCL’s HDPE/LLDPE swing unit EPCC package suggest bidders are grappling with stringent technical and commercial eligibility norms.
8The need for NDA-backed access to Univation's technology has slowed bid finalization for the dual-stream 2x575 KTPA LLDPE/HDPE plant.
CONTROL TOWER BID SEES FIFTH EXTENSION: IS TECH-READINESS HOLDING BACK BIDDERS?
8The BPCL Kochi control tower and CDE package—centered around high-complexity SaaS integration—has now seen five bid extensions, pointing to bidder hesitation around digital readiness and cloud architecture compliance.
8The insistence on a fully cloud-based Project Control Tower with Power BI/Tableau-level dashboards may be reshaping the competitive field—cutting out traditional players lacking software and data science depth.
BIO-ATF MULTIPLE EXTENSIONS SIGNAL TECH-COMMERCIAL CHURN IN COMPRESSOR TENDER
8Bid deadline now pushed to 20 June after successive extensions—reflecting bidder difficulty in aligning with stringent inspection, training, and documentation obligations under EIL’s Bio-ATF package.
8Newly clarified inspection scope mandates shock and influence tests for pressure gauges—pushing OEMs to prove resilience under dynamic load conditions.
8Vendors must now separately disclose cost for 2-year O&M support, lubricants, and consumables—adding commercial granularity and future dispute insulation for MRPL
8Vendors must quote separately for HAZOP and FAT of DCS/ESD systems—signaling a shift to modular techno-commercial granularity in control system integration.
BAGGING MACHINE SCOPE, RACK HEIGHT FIXED: ASRS BIDDERS FACE DESIGN COMPRESSION UPFRONT
8Bidders on the ASRS warehouse EPC face tight constraints with four-tier jumbo racking and installation responsibility for key machinery locked into scope.
8A trimmed-down control system spec hints at EIL’s new cost-performance balancing act.
8Throughput rates have been officially clarified, locking bidders into design assumptions for conveyor speed, stacking density, and number of dock points—minimizing post-award disputes.
8Bidders questioned mismatches in pallet and load sizes, but EIL clarified that overhang is already considered in the 1400x1200 mm load dimension—removing ambiguity for crane path calculations.

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8Three heavyweights enter the fray for the EPCM-led cooling tower package at BPREP, setting up a battle of legacy, engineering scale, and price.
8The tender's technical data sheet indicates next-gen features like drift loss control, structural steel optimization, and advanced noise abatement—setting new benchmarks for cooling installations.
8One entry marks entry marks a bold play for visibility in mega-petrochemical EPC contracts

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8Engineers India Ltd has clinched a consultancy deal last week, quoting 93% higher than IOCL’s estimate.
8With both private bidders disqualified, the award exposes fragility in bidder qualification strategy and cost forecasting.

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ETHYLENE EPCC EXTENDED: IT IS ROUGH FOR BIDDERS TO STAY WITHIN SCOPE
8Although designated for limited competition, the project is subject to Domestic Manufacturing Incentive Policy, testing how bidders will meet Make-in-India thresholds within licensor-defined specs.
8Clearly, the extension signals tight licensor controls on polymer-grade ethylene scope
8The ten-day extension for IOCL’s Paradip EPCC tender hints at alignment challenges with Spheripol licensor standards, especially around drying and CO? removal specs for impact/random co-polymer production.
8Multiple vendors reportedly sought granular detail on process guarantees and licensor boundaries, delaying the EPCC bid timeline
PIPELINE CAPACITY AUGMENTATIONL BPCL PENALTY CLAUSE STINGS EPCM BIDDERS
8A Rs 25,000 per-delay penalty—without any upper limit—is layered atop LDs, exposing bidders to severe cumulative financial hits.
8BPCL’s vague mandate for ‘any study’ raises alarm over undefined deliverables and pricing assumptions in bid submissions.
8EPCM consultant to not just validate but also float and manage geotechnical investigations, tightening integration demands.
8Importantly, however, all three segments—MMBPL, MHPL, RGPL—to be awarded in a single package, favoring large multidisciplinary firms.
SOLE BIDDER SCENARIO RAISES QUALIFICATION BAR FOR KOCHI GAS UTILITY SYSTEM
8This multinational’s solo presence may reflect either a niche tech dominance or stringent prequalification filters under EIL's stringent bidder scrutiny framework.
8With requirements spanning cryogenic nitrogen, integrally geared air compressors, and advanced instrumentation, the compressed air and nitrogen plant may be too specialized for general vendors.
DISRUPTIVE BID: THIS COMPANY LANDS A LPG VESSEL DEAL WITH A BOLD RS 249 CR QUOTE: UNDERCUTS L2 BY 24%
8In a rare pricing upset, the winner for thisj mounded bullets tender quoting Rs 60 Cr below the second-lowest bidder.
8The award marks a disruptive shift in pricing benchmarks for large-capacity pressurized vessel jobs.
OWNER MANAGEMENT CONSULTANT A.T. KEARNEY'S BID APPEARS AGGRESSIVELY PRICED
8This is possibly to gain a strategic foothold in a marquee PSU-backed Greenfield refinery cum petrochemical project.
8A.T. Kearney's pricing might signal tight margins, raising questions on whether they’ve risk-loaded internally or optimized team structure for this win.
8The pricing divergence may reshape competitive strategies for future PSU advisory mandates.

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