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

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.

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.

STRATEGIC BITUMEN PUSH: STATE REFINER EYES ENTRY INTO JV WITH GLOBAL MAJOR
8A proposed investment into a bitumen-focused joint venture marks a shift toward value-added downstream playbooks.
8Regulatory clearances and DIPAM nod will shape final execution timelines.
FCCU OVERHAUL: MUMBAI REFINERY TO GET NEW PRFCC UNIT IN ?14K+ CR UPGRADE
8The board has cleared plans to scrap ageing catalytic units in favor of a next-gen PRFCC system—expected to boost yield, flexibility, and emissions control benchmarks at the urban refinery.
IOC CLEARS Rs. 1,620 CRORE CPCL PLAN: HIGH-GRADE LUBE BASE OIL PROJECT GETS GREEN LIGHT
8Chennai Petroleum secures board-level nod to produce Group–II/III LOBS, marking a strategic push into premium lubricant feedstock manufacturing under its parent, Indian Oil.

8In the Delhi rubber market, prices of Compound Rubber Grade SVR3L have seen a significant increase of Rs.4 per kilogram

8Domestic prices of Dioctyl Terephthalate (DOTP) have declined in the Delhi chemical market, reflecting subdued demand conditions

8Polymeric MDI MR200 prices witnessed another decline today in the Mumbai market

8The price of propylene glycol, a key industrial chemical used across various sectors, has declined in the Ahmedabad chemical market

8In the Mumbai packaging market, prices of BOPP Metallized Film, Grade 25 Micron, have witnessed a sharp increase of 3/kilogram

8In a notable development, the wholesale price of Nicosulfuron 95% TC, a key herbicide used primarily in maize cultivation, has declined by Rs 2/kg in the Ahmedabad agricultural chemical market

8A decline was observed in the prices of Triethanolamine (SABIC imported) in the Delhi chemical market today, driven by weak demand and consistent import arrivals

8An upward price movement has been recorded in Hydrofluoric Acid (Tanfaq – Imported) in the Delhi market, driven by higher import costs and stable domestic demand

8In the Mumbai rubber market, prices of natural latex (H.M.L grade) have seen a modest decline

8In the Delhi rubber market, the price of Ribbed Smoked Sheet (RSS) Grade 3 has seen a moderate increase

8The domestic diisononyl phthalate (DINP) prices in the Ahmedabad market were low today

8In the Mumbai domestic market, prices for DIBP (Diisobutyl Phthalate) have seen a slide today, according to Indian Petrochem analysts

8Today reflected a hike in PS (GPPS) prices within the Mumbai indian petrochemicals market, indicating a shift in market trends

8Following the recent decline, 1,4-butanediol (BDO) prices have now stabilized in the Delhi chemical market

8The Delhi chemical market has recorded a significant drop in the prices of Soap Noodles (Grade 80:20), offering much-needed relief to soap manufacturers and allied industries

8Absolute Ethyl Alcohol prices in the Mumbai market have witnessed a decline

8Indian Petrochem analysts have reported a cut in Purified Terephthalic Acid (PTA)prices in Mumbai's domestic market

8Chemplast has announced an increase in the basic price of its PVC products, effective June 1, 2025

8Chemplast has announced an increase in the basic price of its PVC paste grade, effective June 2, 2025

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