News & Bulletin Updates

8Track the domestic prices and identify if there are any changes today

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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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8BASF and Yara terminate U.S. Gulf Coast low-carbon ammonia project [YARA]
8Shareholders’ approval of appointments and re-appointments at the fortieth AGM [CFCL]
8Re-appointment of Mr. Rafiq Ahmed as executive chairman & managing director for 3 years [KICL]
8Annual report 2024–25 [AAL]
8Change in management [TGEIL]
8Annual report 2024–25 [TGEIL]
8Annual report 2024-2025 [MPAIL]

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8Additional session in auction market [IGX]
8Extension of guidelines on auditor remuneration, TPIA charges, and QCBS tendering [PNGRB]
8Transcript of investor conference call [CSL]
8EIL board approves undertaking for bank guarantee of Ramagundam Fertilizers & Chemicals Ltd [EIL]
8OIL and BPCL execute JV agreement for city gas distribution in Arunachal Pradesh [OIL]
8Business responsibility and sustainability report [OIL]
8Annual report for FY 2024-25 [OIL]
8Intimation of order-in-appeal confirming GST demand [MGL]

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8Click on Details for more
  

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8The company has pushed back the bid deadline for its ATFpipeline consultancy tender by 15 days. The extensions hint at limited participation from qualified PMC firms. The move could delay downstream EPC sequencing and project commissioning.

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Zero-deviation ejector buy in Petronet LNG PDH–PP plant anchors schedule without RA/EMD/IP
8EIL has moved this package on limited bidding with group-wise evaluation and firm delivery clocks. Reverse auction, EMD and integrity pact are off the table, but CPBG and milestone-tied cashflows keep vendors on a short leash. A 15-year licensor NDA wraps the data room, shaping how bidders staff and sequence engineering.
8Pre-qualification is effectively by invitation; only intimated suppliers can submit. That immediately shapes competition and pricing narratives. It also raises the bar on compliant first-pass submissions.
Lube modernization and bottoms upgradation tender of HPCL extended five times
8The date has now been pushed to end-September. Bidders face licensor-locked NDAs and high financial thresholds. Guaranteed utility penalties add another layer of risk at PGTR.Two pre-bids were convened between April and June to address bidder clarifications. Persistent date pushes suggest that queries around scope, guarantees, or interfaces remain unresolved. Such drawn-out pre-bid cycles highlight clause-level friction.
Pre-bid replies fix cable, comms and metering splits for 220 kV GIS for PLL’s PDH-PP plant
8PLL has ring-fenced FOTE modifications and carved a crisp divide on 220 kV cable interfaces. A separate DR, PQ metering and lighting remain fully priced-in deliverables for the EPC side. The liquidity bar and non-captive references will shape who actually turns up at bid opening.
Multiple date extensions and tightened liability clauses mark IOCL Mathura ATF Merox catalyst tender
8IOCL has extended the bid submission deadline five times for its Mathura ATF Merox catalyst tender, now closing on 1 September. Beyond schedule shifts, the corrigendum hard-wires reactor nomenclature, PGTR support, and a stricter refund formula. The net effect is a higher liability burden on OEMs, even as IOCL signals flexibility to secure competition.
LPG terminal BOP tender pushes pressure-boosting, 24×7 commissioning and six-month consumables onto bidder
8NRL LPG marketing terminal, Dabidubi NRL’s pre-bid replies keep the risk dial with the contractor. Battery-limit pressure, compressor-driven cooling and round-the-clock commissioning are now explicit bidder obligations. The pricing story lies in how much contingency bidders carry without losing competitiveness.
HPCL extends used cooking oil procurement tender for vizag refinery with tougher dispute and force majeure clauses
8The bio-feedstock tender for Vizag refinery has been pushed out by a week. But the extension comes with a harder overlay of dispute, force majeure, and termination clauses. The result is a tighter pool of vendors facing higher compliance and liability risks.
IOCL pushes Panipat 2G ethanol boiler bale feed tender deadline to 30 August
8 IOCL has extended the submission deadline for its Panipat 2G ethanol plant bale feed tender by four days. The shift comes amid stringent PQCs and risk-heavy commercial clauses. The extension offers bidders breathing room but leaves structural risks intact.

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8What really happened?

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8Project Name: Dharwad District City Gas Distribution
8Project Cost: Rs 350 croreClick here for more details

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8Project Name: Cuttack District City Gas Distribution
8Project Cost: Rs 350 croreClick here for more details

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8Find out who were shortlisted
8Interestingly, the tender rewrites the balance between consultant accountability and client risk. Public hearing duties move squarely to bidders, but LD penalties are halved. The structural shifts hint at a new template for downstream environmental clearances.

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8Find out more

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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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8ONGC has awarded its difficult-to-pig 20-inch PLQP–OGT multiphase lin.
8The price spread to L2 is an eye-popping 147.2%, pointing to sharply different risk or method assumptions.
8The payoff sits in how strictly ONGC enforces SP0116 deliverables—and what the post-assessment does to MOAP and inhibitor strategy.

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8IOCL is adopting: retaining old assets but imposing new-build guarantees on vendors. This forces bidders into a liability trap, hence the pushback and repeated extensions.
8The retention of an old vessel shell for a revamp, with all new internals, makes scope riskier than a greenfield supply. This may have amplified bidder hesitation,
8Technip’s role as PMC further raises documentation and compliance load (GAIA vendor documentation, mandatory proprietary disclosures).

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8This appears to be part of a broader tightening trend by EIL/GAIL in high-risk rotating equipment packages. Splitting tender IDs for price vs performance parameters indicates an intent to quarantine guarantee enforcement and minimise post-award renegotiation. Similar approaches have emerged in refinery utility packages but are still relatively uncommon in pipeline-linked facilities.
8If successful, this dual-tender structure may set precedent for other hydrocarbon PSUs, especially where power recovery/energy efficiency systems are involved. However, the rigidity may backfire if it thins bidder participation, forcing GAIL to consider re-tenders or diluted competition.

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8ONGC’s empanelment has drawn nine bidders ranging from L&T and DAS Offshore to Mazagon Dock Shipbuilders and foreign yards like PT Meindo and Quality International.
8The mix signals a broadened field post currency-clause change, though tougher localisation norms will test compliance.
8The competitive axis may now tilt toward those able to deliver genuine 50% local content under stricter verification.

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8The heat exchanger package under BPCL’s Bina expansion has slipped thrice, despite a zero-deviation limited bid format. Vendors appear reluctant to commit within the original windows. What this signals for sequencing and cashflow risk remains to be seen.
8The anomaly lies in bidder hesitancy despite a captive vendor pool. Commercially, the raw-material-linked staged payments load cashflow risk onto vendors early, amplifying resistance. Legally, EIL’s insistence on zero-deviation plus NDA submission upfront keeps governance tight but elongates cycle time. Forward look: if BPCL enforces delivery without shifting timelines, the bottleneck risk rises; alternatively, if another extension comes, it signals systemic procurement fatigue across BPREP packages.

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Pre-tender meet sets the stage for interface-heavy E&I works in MRPL at inlet receiving tanks and offsite pipelines
8EIL has called a one-hour online huddle to probe bidder capability and freeze tentative PQCs. The scope leans hard on switchgear extensions, hazardous-area lighting, and EST4 tie-ins with a six-month post-LOA clock. Securities, LD, and evaluation rules are missing—so the real risk pricing starts after this meet.
Hydrogen-rich API 617 compressors put efficiency penalties under bid for BPCL Bina Petchem and Refinery Expansion Project
8The compressor package forces energy performance into price via guaranteed power consumption loading. PTR demands for hydrogen-rich service and 80% similarity will likely shrink the eligible field. Reverse auction is off the table, and a turnover-based tie-break favours scale.
Extruder & pelletizer RFQ sets 20-month FOB supply and NDA gating for NRL PPU
8NRL’s PPU extruder & pelletizer package has deviation discipline hard-wired up front. The cover mandates an NDA before full document access and fixes a 20-month FOB delivery. What’s missing on the face of the RFQ—specs, evaluation math, and RA/PPP-MII parameters—sits behind the gate.
GSPL hard-codes design-to-permit discipline and digital integrations for small pipeline connects
8The new PMC rate-contract turns “small connects” into clocked mini-projects with strict online staging and regulator-grade engineering packs. Milestone billing rides on document maturity—DCI to Code-A to IFC—while 24-month claims support sits behind the handover. A novation clause hints at internal restructuring, altering counterparty risk without changing the scope.
Gail Vaghodia HAZOP & QRA tender tightens compliance with licensed software proof and 5% EPBG, while waiving EMD
8GAIL’s Vaghodia safety study comes with zero EMD but a 5% ePBG and a hard insistence on licensed modelling tools. The package is non-splittable, startups and PPP-MII preferences are off, and AHR is on. The mix points to fewer but deeper bids, with model provenance under the microscope.
Mahul–Rasayani pipeline E&I tender extended amid scope clarifications and technical amendment
8The date extensions benefit contractors by giving more time to clarify BOQ ambiguities and align supply-only vs SITC responsibilities. Technical amendment with updated datasheets clarifies OEM scope and narrows supplier pool. EIL/BPCL benefits by tightening conformance on flame arrestors, ensuring uniform safety compliance. Contractors absorb added design responsibilities (11 kV OHL) and site utilities, increasing their execution risk.
Fourth bid extension signals bidder constraints in BPCL Bina Petchem compressor tender
8BPCL’s Bina refinery expansion compressor package scope is tightly defined under API 672, with onerous PTR and subsidiary guarantee requirements. Behind the dates lies a story of restricted bidder pool and schedule risks.

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8GAIL’s captive wind tender in Maharashtra has seen six extensions and a barrage of clause-level changes. From NIWE-validated AEP to arbitration at IIAC, the package now reflects a strict governance mindset. But bidders pushed back on payment milestones and mast data flexibility, with mixed success.
8Eventually three bidders are in the race

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8NRL’s 10,000 TPA green hydrogen tender has reached technical bid stage with 10 players in the fray. Frequent date extensions, a re-tender, and tight CP clauses have raised concerns over bankability. Behind the apparent competition lies a test case in how OMCs are allocating risk in India’s emerging hydrogen market.

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BPCL extends ODC and OWC survey tender for Ramayapatnam refinery by one week
8BPCL and EIL have pushed the survey deadline for the Ramayapatnam refinery project to 01 September. The move comes after the original 25 august cutoff. The extension hints at bidder constraints in a tightly restricted tender pool.
Five specialist survey houses bid for BPCL Ramayapatnam refinery topography package under no-EMD model
8BPCL’s Rs 1 lakh crore Ramayapatnam refinery has entered the survey phase. Five niche vendors are in the fray, with EIL tweaking cashflow clauses mid-tender. The scope blends aerial photogrammetry with heritage and wildlife compliance, signalling how environmental obligations are being hard-wired into early packages.

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Mayu wins ONGC Ankleshwar wireline/compressor O&M support
8ONGC has closed a three-year WCT assistance contract at Ankleshwar with Mayu Instrumentation.
8The narrow 3.6–5.0% band to L2/L3 suggests cost policing under floor-price guardrails.
8The real test lies in long-tenor security, protected-worker onboarding, and overtime caps built into the scope.
ONGC’s MNW cooler tender doubles scope and holds nine-month deadline, bidders face full-value LD exposure
8ONGC has clarified that both E-3030 and E-3050 bundles fall within the MNW platform cooler replacement tender.
8Despite bidder concerns on weight, crane limits, and ASME timelines, ONGC refused to relax the nine-month completion.
8With LD tied to total contract price, execution risk has firmly shifted to contractors.
ONGC’s onshore rig empanelment: The company offers some changes
8ONGC used the pre-bid to ease form-fit issues while refusing to dilute performance and HSE backstops.
8Drawworks groove sizing is now OEM-aligned and premium DS-1 tubulars are acceptable, yet 5-inch drill-pipe depth and compressor headroom stay put.
8The calendar slips to 09 September 2025, but the bar doesn’t.
Corrigendum tightens pipeline-TPI gate and fixes ATC anomaly in ONGC’s Assam asset
8ONGC has corrected a basic ATC error even as it tightens the TPI gate for its Laiplingaon pipeline.
8The revised BEC leans on ISO/IEC 17020 and a hard similarity floor to screen serious inspectors. The closing date has moved, and the competitive field may shift with it.
Cost-bearing responsibility matrix and LD-backed availability reshape advisory risk in Oil India’s KG Basin tendering support
8Oil India has extended the bid but hardened the operating spine with amended SOW/ATC and a price-breakup mandate.
8No mobilisation charges and deduction-linked availability move cashflow and delivery risk onto the vendor.
8The calendar relief won’t offset the sharper governance teeth.

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8ONGC has moved its four-rig charter submission to 8 September with the unpriced opening on 9 September.
8A fresh GCC clause lets the buyer defer dependent mobilizations if rigs are late, with a 30-day notice.
8The two-week slide aims to boost compliant participation while tightening risk on idle add-on services.

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Voltamp emerges sole bidder in PLL Dahej transformer package as EIL’s tightened clauses narrow the field
8Engineers India’s amendments stripped some features but tightened qualification bars. With commissioning spares reinstated and CPBG unchanged at 10%, bidder reliefs were largely rejected. The result — Voltamp stands alone, raising questions on cost, precedent, and future OEM appetite.
Four bidders line up for NRL’s RPTU mechanical works package under expansion project
8Numaligarh Refinery’s expansion project has drawn four technical bid participants for its RPTU mechanical package. The field is dominated by mid-tier construction and engineering firms. The competition signals healthy but not overcrowded interest in NRL’s EPCM-2 contracts.
IOCL Haldia refinery shutdown tender draws five bidders amid strict PQCS and no MSE exemptions
8Indian Oil’s Haldia Refinery has opened bids for its CDU-II shutdown insulation and refractory package. Five bidders are in contention under unusually strict pre-qualification and liability norms. Behind the scenes, IOCL’s refusal to allow MSE exemptions and its 24-month contract validity raise deeper questions on risk allocation.
IOCL Digboi pressure vessels tender: Prices crash
8Indian Oil’s Digboi Refinery expansion has yielded a vessel tender with some sharp departures: no PQC filter, no EMD, but full reverse auction. Bids saw prices crash, raising sustainability questions. Quality risks remain untested.
IOCL’s Auto-LNG feasibility mandate: Who won the tender?
8Indian Oil has finalised its Auto-LNG consultancy under a strict QCBS framework. ICF edged out KPMG and PwC with a sharp 8% commercial spread. Behind the numbers lies IOCL’s intent to confine LNG mobility roadmaps to a tight club of Tier-I advisors.
Lloyds wins HPCL Visakh refinery RLA job amid wide pricing spread
8Find out more
Temasme Veselex takes L1 in BCPL pressure vessel tender handled by EIL
8BCPL’s pressure vessel package drew an unprecedented 35 bidders under EIL management. Temasme Veselex undercut the market by nearly 20% versus peers, sparking questions on cost sustainability. The absence of an EMD but presence of strict insolvency filters marks a shifting procurement posture.

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