So what really happens when you palm off work, like ONGC did to Mazagon Dock Shipbuilders for a high-value offshore project?
8They do not really have the capacity, so they just sub-contract it away, almost entirely.
8Never in the history of ONGC's contracting has a company who had been awarded a project without a tender has so completely and brazenly subcontracted the entire thing away.
8It is ridiculous, how this is being done, without anyone raising an eyebrow, because it is a public sector to public sector contract, even though now there is a private consultant involved, and there are a whole lot of private bidders in the fray.
8There is a difference of course, L&T had bid several hundred crores more, so Mazagon had offered to take it for less, but we will have to wait and watch what happens next, in terms of time and cost overruns, as the project is expected to be completed before monsoons hit the Arabian sea next year.

There can always be an argument that gas demand in India will get curtailed by alternative fuels, and that is the reason why it is so price elastic.
8Like with the ding-dong battle that we find in Morbi, where currently, propane has a price advantage
8If the same level playing field is available across the country, the same battle as in Morbi can play out
8So, gas demand will be confined to big segments such as CGD, power, fertilizers, petrochemicals, where again ethane can be a competitor, and refineries. Many of these are already serviced by gas pipelines
8Getting incremental gas demand will then be a challenge, unless the economy, which is in a contracting mode just now, as is evident from offtake data for petrol and diesel, starts galloping up again, and there is an incremental increase in overall demand
8Find out what exactly is going on in Morbi

8RIL gas output to fall dramatically going ahead

Shell just does not run an LNG terminal in India
8It has dozens of companies working in India
8The list of entities is really formidable 

8The price of Polybutadiene Rubber (PBR 01), manufactured by Reliance Rubber Industries, recorded a drop in the Delhi market today

8In a recent development, the price of SBS LG401 (Styrene Butadiene Styrene), manufactured by LG Chem, has declined in the Delhi polymer market

8The price of Synthetic Ammonia (99.6%–99.9%) saw an upward movement in the Ahmedabad market today, driven by cost push factors and improving industrial demand

8In a significant shift within the chemical industry, the Mumbai market has witnessed a price increase in Trichloroethylene (TCE), a key industrial solvent used in degreasing, metal cleaning, and chemical synthesis

8Ethyl Acrylate prices in the Mumbai chemical market rose due to increasing costs of acrylic acid, its key raw material

8The Mumbai benzyl alcohol market has recorded a steep cut in its prices

8The prices of ABS Grade MIF45 have seen an upward trend in Delhi

8The prices of PA6 Grade E35 have seen a sharp decline in the Mumbai market today

8The Mumbai chemical market has witnessed an increase in PEG 600 prices, a vital component used in industries such as lubricants, hydraulic fluids, and coolants

8On March 28, 2025, intact anionic surfactant prices in the Delhi market saw a price cut

8The Delhi perchloroethylene market witnessed a notable price spike this week

8Styrene-Acrylic Latex prices have witnessed a marginal increase this week in the Ahmedabad chemical market

8Pure Acrylic Emulsion (Grade 55%) prices in the Mumbai chemical market recorded a sharp increase this week, marking a notable shift after a period of price stagnation

8The domestic market for Propylene (M13530) in Ahmedabad experienced a price movement today

8The price witnessed a movement, find out by how much

8Here is the latest prices, including trends over the past month

8A movement in today's price is witnessed

8Get the latest prices here, including trends over the past month

8A combination of factors is at work, get the latest price roundup here

8Get the price movement for today

8A combination of factors is at work, get the latest price roundup here