8Net profit hit Rs 25 crore on the back of 15% revenue growth
8A new Ambernath plant lifted capacity to 1.2 lakh TPA
8Management sees order boost in textiles, FMCG, and oil & gas

8All resolutions sail through at 57th AGM
8Dividend for FY 2024–25 approved
8Board reappointments were confirmed

8Replacing corroded steel consumes up to a third of annual steel output
8The climate cost is heavy, adding 1.6–3.4% to global CO? emissions
8Scientists meet in Norway this September to align corrosion science with climate goals

8Visakhapatnam international airport (Bhogapuram) petroleum & petroleum product (ATF) pipeline (Corrigendum-5) [PNGRB]
8Sardar Vallabhbhai Patel international airport petroleum & petroleum product (ATF) pipeline (Corrigendum-2) [PNGRB]
8Annual report 2024-25 [Aban]
8Voluntary winding up of Reliance TerraTech Holdings LLC [RIL]
8Saksham Niveshak 100 days campaign: update KYC & claim your dividends (July 28–Nov 6, 2025) [Petronet]
8Supreme court upholds APTEL ruling in TSPL case [Vedanta]
8Govt response on 20% ethanol blending in petrol and its impact [MOPNG]

8What the company is looking for now is to have its teeth into the entire workflow of the project on its own
8This will make the entire project more manageable

8There is a new trend wherein the entire safety, modelling, and assembly work is shifted to vendors.
8It marks the growing complexity of PPU auxiliary packages in India, not a one-off.
8It will limit bidder field to larger OEM-integrators who can handle multidisciplinary risk.

8With O&M history, financial thresholds, and third-party verification made mandatory, PLL is testing whether India’s biomass EPC sector can scale up to LNG-style accountability.

8Find out how procurement control is back to ONGC while narrowing vendor margins.

8Wants interpretation of fresh data

8This is not a standard “design job” but a regulatory assurance and quality gatekeeping role.
8The owner is essentially hedging against the EPC vendor’s design/safety risks by appointing an independent consultant.
8It also reflects the experimental nature of H? fueling, where international codes must be integrated into Indian PESO norms.

8AI-driven 3D content, gamification, and cloud-hosted delivery
Will it really work?

OIL India tightens pipeline RoW patrolling norms with GPS mandate and penalty-heavy contract
8Oil India’s new three-year RoW patrolling tender for 137 km of pipeline comes with GPS tracking, stiff manpower penalties, and mandatory social insurance coverage.
8While enhancing oversight and compliance, the contract shifts operational and cashflow risks squarely onto contractors.
Merger clause alters GSPC rig tender
8GSPC’s 100T rig tender for Ankleshwar P&A jobs embeds an unusual novation clause—contracts will shift to Gujarat Gas post-merger, adding counterparty and payment risks for contractors even as the scope remains standard.
Security tender narrows field: harsh risk terms disqualify Khyatishield, favor big players
8With rigid mobilization timelines, strict replacement rules, and no relief on penalties, ONGC’s security tender tilted toward established firms like SIS and Checkmate, leaving smaller entrants sidelined.
OIL India’s Mahanadi Basin tender opens door to smaller bidders with relaxed PQC, but risk shifts to contractors
8Oil India’s Rs.58.31 lakh turnover relaxation expands bidder eligibility, favouring MSMEs like Purbanchal and Poly Drill.
8Yet, a binding 25% option clause leaves contractors exposed to uncertain execution costs.
ONGC’s hydraulic lab tender: strict specs and rigid timelines raise risks for smaller bidders
8With ONGC refusing delivery relaxations and sticking to stringent PBG/warranty terms, smaller bidders like CHV Solutions and Himnish Ltd face cost, cashflow, and qualification hurdles, tilting the tender in favor of larger players.

8This looks like a trend: PSUs increasingly shifting rate contracts to GeM with tighter compliance and third-party verifications.
8It aligns with broader procurement standardization drive of public sector companies

8By extending vessel age to 16 years and accepting ongoing contracts for eligibility, ONGC eases entry for smaller marine operators.
8However, rigid certification deadlines and reduced contract duration heighten execution and compliance risks.
8Find out who bid in the tender

8This seems part of a wider IOCL trend of outsourcing inspection/QC under for refinery jobs. The tight PQC stance could mark a move away from GeM’s usual startup/MSE relaxation for refinery-critical services. Established players are now preferred over smaller inspection firms

8This reflects a trend: IOCL R&D tenders in the last two years increasingly demand full automation, ATEX certification, and data integration. It mirrors global R&D norms where pilot plants are treated as near-commercial facilities. The tightening of PQ criteria suggests
8IOCL wants only proven global suppliers, not local start-ups.
8L&T, Zeton, ChemTech, Pfaudler are the kind of companies who will qualify
8But by removing arbitration and mediation, the signalling is that disputes will be one-sided, a red flag for risk-averse bidders.

ONGC pre-bid replies narrow flexibility: Vendor code, integrity pact, and strict timelines sharpen bidder risks
8ONGC’s pre-bid clarifications impose rigid compliance on vendor registration and interaction protocols, while offering limited relief through insurance surety bonds and SFMS guarantees.
8The responses tilt risks towards bidders, signalling a tougher procurement environment.
ONGC’s GDU tender puts termination and design risks on contractors
8Bidders in ONGC’s GDU & DPD tender flag high commercial risk as ONGC refuses compensatory safeguards for premature termination, incomplete gas data, and restrictive maintenance terms.
8Contractors face tough cost recovery prospects.
ONGC corrigendum tightens GST compliance, clarifies option clause, and eases security deposits via RTGS
8ONGC’s latest corrigendum balances stricter compliance with bidder relief: Enforcing GST proof uploads and integrity pacts, while introducing a clear delivery formula and RTGS option for performance security.
ONGC extends Assam pipeline TPI tender by a week
8The deadline for hiring a third-party inspection agency for ONGC’s Laiplingaon pipeline project is now 28 August 2025.
8The extension hints at limited bidder turnout, a recurring trend in specialized inspection contracts.
Oil India extends sludge cleaning tender amid high barriers to entry
8OIL’s tank sludge evacuation and inspection tender deadline now runs till 28 August 2025.
8The extension highlights bidder hesitation in a capital- and compliance-heavy contract, where hazardous waste rules and steep EMDs are deterring broader participation.

8The very fact that PNGRB extended deadlines twice and cut net worth requirements implies industry pushback
8This is likely because major OMCs or infra players avoided bidding under original terms.
8PNGRB’s corrective move shows low response levels.
8Clearly, expectations are being lowered to get bidders to respond

8This has left bidders guessing

ONGC pushes directional drilling tools tender deadline
8ONGC’s Mehsana Asset has extended its tender for two sets of directional drilling tools, signaling possible bidder readiness issues.
8The shift may delay award timelines but gives vendors breathing space to comply with PQC and supporting company obligations.
ONGC extends rajahmundry rig tender to Aug 27: Bidder scramble over zero-vintage requirement
8Deadline pushed as contractors seek time to align financing, HSE compliance, and TPIA certifications; ONGC balances timeline risk against bid depth.
Hot oil tender pushed to late august amid bidder pushback
8ONGC’s six-unit HOCU hiring package has been extended to 29 August 2025, after bidders raised concerns over OEM safeguards.
8The delay gives contractors extra time, but safety and compliance questions remain unresolved.
OIL’s directional drilling tender slips to september close
8Bid deadline for OIL’s bundled drilling and mud services package has been extended to 09 September 2025.
8Contractors gain time to recalibrate bids, but unresolved concerns on scope bundling continue to shadow the tender.

8The multiple extensions point to industry-wide hesitation: likely due to the niche nature of HPRT technology and high entry barriers.
8Only a handful of global OEMs (Ebara, Flowserve, KSB, Triveni, etc.) can qualify, and Indian subsidiaries need complex corporate guarantees.

8This is part of a broader trend in IOCL expansion projects: cost optimization by modifying specs mid-bid and stretching timelines to attract more vendors.
8The “scope-reduction via corrigenda” pattern has been visible in other refinery packages too.

8Multiple vendors (Lloyds, Techno, GR Engg, Gemini, Expo Gas, Fabtech) raised the same transportation feasibility concern — large diameter transport is now harder due to new bridges.
8Vendors face tighter PPP-MII rules and unresolved cleat-weight ambiguities, even as BPCL takes on in-refinery transport.
8The pre-bid exposed transport bottlenecks and narrowed bidder eligibility on “trayed” column criteria.

8Three companies qualified for PLL’s demountable flare package at Dahej. Scope clarifications and technical amendments reveal a clear tilt towards client-side protection, leaving bidders to absorb uncertainties on fireproofing, dismantling, and foundations.
8EIL’s refusal to define derrick fireproofing height pushes cost and risk estimation entirely to contractors.
8No tonnage or RCC data shared, bidders must assume worst-case, raising hidden costs.

8Clearly, the project is purely a shot in the dark