8Update on pending arbitration proceedings [GAIL]  
8Changes in Directorship [IGL]
8Acquisition of equity shares of Indra Offshore Services Private Limited [DIL]

8Project Name: Srikakulam, Vishakhapatnam and vizianagaram Districts City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

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

If you are a fertilizer company today, it is imperative to look ahead
8How is the world going to be by say 2040
8It is going to change rapidly
8In that context, how do you plan for the future? Which are the segments which will remain relevant, and in which new segments should you be present in?

MCFL's merger with Paradeep Phosphates aims to create a big player in the market
8But the going wasn't easy for the company in the first half
8However recovery is likely

Both Microsoft and Google are smelling around the Indian agriculture sector
8For now, they are lying low, but is there a big opportunity ahead?

8An interesting new SSP product has been launched

8Early financial results from the SSP and DAP segment points to a robust performance

The new tender for urea by RCF is likely to face bad weather like the earlier tender by NFL
8Here is why we think so

Ammonia-Urea Brownfield Project
8Cost: Rs. 16372Cr.
8Project Event: Project progress stands at 65.83%, with OSBL packages (excluding Coal Gasification & Ammonia-Urea) at 76.07%. Decided to invite WECL top management for urgent discussions on site progress and seek legal advice from the Solicitor General of India (SGI) regarding contract re-negotiation or arbitration.WECL reiterated its demand for additional cost compensation, modified payment terms, and release of withheld MAD amount. TFL firmly requested an unconditional completion outlook, with WECL committing to revert within a week.TFL approached SGI on 28.12.2024 for a legal opinion, which is awaited to decide the next course of action.
Nano Urea/DAP Greenfield Project
8Cost: Rs. 500Cr.
8Project Event:The project is still in the initial phase. The feasibility consultant is likely to be released in March 2025, and the RFQ for the Environmental clearance is likely to be released in Q2 2025.

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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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

8Extension of Deadline for Comments on Public Notice for New LPG Pipeline Development in India [PNGRB]
8Transcript of Earnings Call [SIL]
8Changes in Directorship [IGL]

8Project Name: Burdwan District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

8Project Name: Arwal, Jehanabad, Bhojpur and Buxar District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

Briquette Fired Boiler Green field Project
8Cost: Rs. 27Cr.
8Project Event: The RFQ for Providing and fixing Rolling shutters and Handrailing in the Briquette-Fired Boiler Plant has been out, and the bid due date is January 17, 2025. Construction and installation are in full swing, with steady progress being made. The project is likely to be commissioned at the end of February 2025
Effluent Treatment Plant Upgrade Project
8Cost: Rs. 100Cr.
8Project Event:Due to a lack of suitable bidders, the bid due date for the LSTK contractor has been extended from January 14 to February 4, 2025.

8A quick look at today's developments in E&P and midstream-downstream, and CGD section

Why are some if not all industrial clusters unwilling to transition to use of gas instead of highly polluting usage of coal, naphtha and petcoke?
8And why are enforcing agencies unwilling to enforce the transition
8Here is a gas company that ended up spending Rs 400 crore in getting the gas lines ready but is now left with no customers from the industrial belt
8This is a story likely to ring true in many if not all clusters across the country

Clearly, Indian refineries have a lot of money, and some of them do not know where to spend it
8So the place where we money is now going is into commodity polymer projects, like the project above
8But is that a wise investment at all?
Perhaps not

Why are some if not all industrial clusters unwilling to transition to use of gas instead of highly polluting usage of coal, naphtha and petcoke?
8And why are enforcing agencies unwilling to enforce the transition
8Here is a gas company that ended up spending Rs 400 crore in getting the gas lines ready but is now left with no customers from the industrial belt
8This is a story likely to ring true in many if not all clusters across the country

Here is a Rs 185 crore E&P expansion plan
8And it involves drilling of infill wells

Under Arun Kumar Singh, CEO of ONGC has caused a dramatic shift in its procurement policies
8There is a design engineering consultant which has now been brought in, to double up on the engineering work before a bid is taken out, and then to work with the company to assist in the bidding process and then to go on and supervise the job too
8Most ONGC jobs had no FEED before, so now bidders will get a better idea on their bid price with a FEED in hand
8There should ideally be a big rush for the job of such consultants in India
8But the response has been lukewarm

Here is a massive Rs 8000 crore onland E&P plan
8Very big project by every yardstick
8It involves drilling hundreds of onland wells
8Each well will take up to 4 months to drill and it will be done on multiple sites

For this major petrochemical project, the PMC is settled
8So is the technology supplier
8The FEED documents are ready
8And it is looking for an EPC contractor now

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
8Port Update