Indian state-owned energy firms ONGC Videsh Ltd and Oil India Ltd, together with their foreign partners, have met conditions precedent for the first debt drawdown from the USD 14.9 billion facility they had tied up to part-finance their USD 24.1-billion LNG project in Mozambique.

8A big fertilizer company has spent 3.5 billion rubles till now to combat Covid-19

India-based Adani Ports and Special Economic Zones (APSEZ) has announced plans to acquire a majority stake of 58.1% in Gangavaram Port Limited (GPL), currently owned by DVS Raju and family.

The website carries here the following briefs:
8How many fertilizer plants are eventually going to be revived
8Whether the government has finalized the Direct Benefit Transfer Model

Get the latest update here on:
8Fertilizer demand and supply

DAP Expansion Project
8Cost - Rs 442 crore
8Project Event: 90 % of construction work has been completed, all the equipment has reached the site, and installation is ongoing. The project is likely to be commissioned at the end of April 2021
Ammonia and Captive Power Unit Greenfield Project     
8Cost - Rs 1920 crore
8Project Event: The project has been elicited the terms of references, The final EIA report preparation is likely to be completed in, April 2021. The proposal for the environmental clearance is likely to be submitted in May 2021. RFO for the EPC contractor is likely to be released in July 2021.

MEG prices decreased in the Mumbai market today.

On March 25, 2021, N butanol prices increased in the Kolkata market.

Toluene prices have been revised at Hazira.

On March 25, 2021, MEK prices were assessed lower in the Mumbai market.

On March 25 2021, Petrochem sources confirmed that PC prices have slipped in Mumbai.

On March 25, 2021, SAN prices slipped in the domestic market.

The international crude oil price of Indian Basket was quoted at around $61.61 per barrel on March 25, 2021.

MEG prices have been revised at Hazira.

The Chennai polymer market witnessed a rise in styrene monomer today.

On March 25, 2021, Petrochem sources confirmed that C10 solvents prices have slipped in the Kandla market.

On March 25, 2021, Petrochem sources confirmed that C10 solvents prices have slipped in the Kandla market.

Price changes in the Mumbai polymer market have been reported by our analysts.

Petrochem analysts have reported price changes in HDPE and LLDPE in the Delhi polymer market on March 25, 2021.

On March 25, 2021, moderate buying activities were reported by our Petrochem analysts in the polymer markets of Chennai.

Price changes in HDPE and LLDPE as of March 25, 2021, in the Kolkata polymer market has been reported by our Petrochem analysts.

On March 25, 2021, ethyl acetate prices were assessed lower in the Delhi market.

On March 25, 2021 ABS (MIF45) price increased in the Delhi market.

On March 25, 2021, BAM prices moved down in the imported market.

A revision in Iso-butanol has been announced at Hazira.