News & Bulletin Updates

BPCL’s BPREP Heat Exchanger Tender Sets ‘Zero Deviation’ Tone: But Payment Ladder, NDA Gatekeeping Raise Eyebrows
8EIL’s limited-bid heat exchanger tender for BPCL’s Bina Petchem project leans on tight timelines and stringent compliance, with layered payment triggers and NDA-based access control that may test bidder appetite.
Shut at Any Cost: IOCL Demands 24x7 Compliance for Haldia Shutdown
8With mandatory holiday work, phased site access, and tight PF/ESI reimbursement caps, IOCL's contract assumes 100% contractor liquidity.
IOC R&D Faridabad Tender Tightens Controls for Approval-Based Consultancy
8IndianOil’s custom bid for Fire NOC, Building Plan & OC liaisons features rigid compliance, no startup relief, and detailed risk backloading — raising thresholds for newer players amid legacy-heavy structure.
NRL Tightens Technical Gate: No Turnover or Experience Relaxation in Consultancy Tender
8NRL’s latest consultant tender for technical services at its Numaligarh refinery bars exemptions for startups and MSEs on key PQ norms, imposes strong proof-of-delivery mandates, and links payment to man-hour validation—shifting operational risk firmly onto bidders.
BPCL’s EIA Tender for SAF & Sulphuric Acid Units Loads Consultants with Deep Compliance Risk
8BPCL’s Kochi Refinery has floated a twin-package consultancy tender for EIA, QRA/RRA, and EC clearance support for its upcoming Sulphuric Acid (500 TPD) and SAF (41 TMTPA) units—but the contract structure heavily frontloads deliverables while backloading payments, creating a high-compliance, low-cashflow environment for bidders.

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On December 23, 2022, acetonitrile prices were pushed significantly higher in the Kolkata market.

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A significant fall in acrylonitrile prices in the imported market of Ahmedabad was recorded today.

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A sharp fall in acrylonitrile prices in the imported market of Mumbai was recorded today.

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Petrochem sources from Delhi have reported a huge rise in formaldehyde prices.

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MMA prices firmed up in Kandla in anticipation of tight regional product avails and improved buying sentiments.

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Petrochem sources reported a significant fall in toluene prices in the Ahmedabad chemical market.

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A significant fall in toluene prices was recorded in the Kandla chemical market today.

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A sharp fall in MMA prices in the imported market of Mumbai was recorded today.

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Petrochem sources from Kandla have reported a huge rise in MMA prices.

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VAM prices registered a fall in the imported market of Ahmedabad.

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Low BAM was reported today in Kandla.

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A significant fall in BAM prices was recorded at Hazira today.

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DEG prices have been revised at Hazira.

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On September 4 , 2021, Petrochem sources reported a fall in MEG prices in the imported market of Mumbai.

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Nov 30, -0001: ACRYLONITRILE

Far East Asia acrylonitrile prices are likely to be further supported this week as buyers across Asia are facing increasingly tighter spot supply.

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Despite weaker upstream crude and naphtha values, Ethylene prices were assessed higher in Asia.

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On wednesday, in the international market, DOP prices remain unchanged due to lackluster demand.

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MEG prices have fallen in Mumbai due to lackluster demand and extra stock availability. Click on Details for more

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MEG prices have fallen in Mumbai due to lackluster demand and extra stock availability. Click on Details for more

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MEG prices have fallen in Mumbai due to lackluster demand and extra stock availability. Click on Details for more

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Caustic soda prices were steady in North-East Asia and South-East Asia on 27th Jan 2020.

The price has been assessed in North-East Asia at $ 261/MT(FOB) and Sout-East Asia at $ 300/MT(CFR).

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MEG prices dropped in Asia due to dull demand in the region.

In South-East Asia, India and China prices of MEG were assessed to be down at $ 590/MT(CFR) a drop of $ 5/MT, at $ 590/MT(CIF) a drop of $ 5/MT and at $ 585/MT(CFR) a drop of $ 5/MT from the previous level.

Prices in India, NE Europe was recorded to be stable and were assessed at euro 475/MT(FD).

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Iso Propyl Alcohol prices dropped as a result of weaker buying sentiments coupled with weaker

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Prices of Phthalic anhydride (PAN) have not seen any change in the international market PAN prices assessed in South East-Asia Were at $ 850/MT, China at $ 805/MT and Far East-Asia at $ 805/MT respectively.

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