News & Bulletin Updates

8BPCL is packaging nine refinery energy-reduction schemes into a consultancy that must deliver procurement-ready engineering, IRR logic, and regulator-facing documentation. The catch is structural: the execution phase is explicitly optional and separately ordered,

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1) CPO-05 workover rig tender hardwires audit-grade ops proof and rate caps
8OVLSC is not just hiring a 750 HP workover unit in CPO-05—it is contracting a documentation-heavy intervention machine that must “show its work” daily.
8The tender’s commercial architecture narrows how bidders can price downtime risk, while operational evidence requirements turn routine maintenance and wireline integrity into billable gatekeepers.
 
2) Submission deadline reportedly extended to 02 january 2026 as ONGC tests syn-con retrofits for rig gensets
8ONGC is probing a niche retrofit: Converting rig alternators into synchronous condensers while mechanically decoupling the diesel engine after synchronization.

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8Find out who they are

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8The owner is not just buying pumping horsepower; it is rewriting how fluids are staged, measured, and defended on paper.
8A corrigendum-driven redesign quietly shifts the compliance burden toward integrated displacement storage and tighter operator dashboards.

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8It is a tender where evaluation and penalties are engineered around cuf floors, niwe-validated aep and long-tenor )&M economics.

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8ONGC has pushed the six-helicopter offshore charter tender out by two weeks, shifting bid submission to 30 December 2025 and bid opening to 31 December 2025.
8The extension lands after a string of bid-format and currency/local-content rewrites that tighten how prices will be evaluated and paid.
8What bidders do with the extra time will decide whether this is a participation rescue, a compliance clean-up, or a last-mile price-policing move in disguise.

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8Find out more on what is going on

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8The regulator rewired this consultancy tender mid-stream, widening experience windows to 15 years and permitting two-member consortium bids, yet the technical race still collapsed to a single qualified contender.

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1) IOCL’s panipat EPCC-01 HDPE LSTK tender stretches on
8Two amendments harden risk transfer, especially on “no free issue material” and emergency power obligations, even as interface uncertainties keep surfacing in clarifications.
 
2) Cooling water tie-ins formally enter the VRU EPCC baseline Barauni refinery 9.0 MMTPA expansion.
8The latest addendum does not change the VRU technology headline, but it quietly changes the execution battlefield.
 
3) Nine extensions push BREP DCS tender by 120 days, signaling a hard hunt for a credible OEM pool
8The catch is that the paperwork blade stays sharp: bid-security timing is explicitly tied to the “final extended” date, and ranking won’t save a non-compliant bidder.
 
4) A 75-day slip for a DCU off-gas compressor train is a commissioning-risk tell — BPCL/BPREP
8The final closing date implied by the extension trail pushes procurement deeper into the project’s critical path. For API 617 trains, bid timing is often correlated with OEM engineering bandwidth and reference validation cycles. The document excerpts do not state the reason, which is exactly why the pattern matters.
 
5) BPCL’s PRFCCU site preparation (KMU dismantling) package tightens milestone measurement and bid-price primacy
8The company has quietly re-cut the cashflow geometry of its PRFCCU site preparation tender by shifting early dismantling milestones onto a pro-rata footing.
 
6) NRL extends ISCC certification bid window as ABEPL’s EU/PLUS audit package tightens price-breakup hygiene
8NRL’s ISCC certification tender for ABEPL is structured like a market-access unlock, with traceability and GHG protocol compliance sitting at the centre of scope. A small-looking corrigendum quietly targets the priced artefact that can decide bid responsiveness in a two-vendor contest.

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1) MRPL’s co-processing and AFR processing of solid waste tender hard-wires HSE logistics control, then splits award 60:40 at L1 rate
8The 60:40 split to two contractors at L1 rate changes the payoff curve and could reshape how bidders price mobilisation and redundancy
 
2) IOCL SERPL tightens VFD reliability procurement into a single-seller AMC at IOCL Sambalpur
8The paperwork still carries policy toggles and bid-structure cues that don’t neatly reconcile across artefacts, creating a quiet governance risk alongside the operational uptime objective.
 
3) BPCL’s CTO liaisoning tender quietly makes the vendor own the full SPCB grind, from dossier to inspection closure
8The scope explicitly pulls the vendor into inspection coordination and SPCB-observation clean-up, where paper compliance turns into site-reality risk — BPCL/CTO liaisoning services. What the pack does not show is the one clause that decides who bleeds cash when the regulator timeline stretches: the completion and payment mechanics.

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1) NRL’s NREP additional mechanical works award lands on a razor-thin L1–L2 spread, with L3 priced in a different universe
8The top two bids are separated by just 1.1%, signalling a highly efficient price discovery on NRL’s NREP mechanical package. But the third bid is 52.6% above L1, exposing a market split on how bidders perceive execution risk.
 
2) Single-bid award locks GAIL Pata’s APM rollout into an outcome-linked payment regime
8GAIL Pata tied 15% of APM consideration to benefit proof and 12-month sustainment, then held the line on a security-first on-prem architecture. At the same time, it widened affiliate-based eligibility but removed an NDA-based documentation escape hatch, a combination that quietly reshapes who can bid. The award result, with only one priced bidder, shows how those levers translate into market participation
 
3) HPCL’s CO2 conversion pilot plant PLC package sees a wide L1-to-L2 spread after 4 bidders clear technical qualification
8The commercial story is the unusually wide price dispersion, hinting at sharply different views of integration and late-stage performance-risk exposure.
 
4) BPCL’s Mumbai refinery HCU turnaround award tightens into a two-bidder knife-edge
8Behind that razor edge sits a bid ladder that quickly balloons into double-digit and then extreme premiums, hinting at real disagreement on scope risk and controllability. The contract language and amendments show BPCL easing ramp-up timelines without loosening control, and the pricing outcome mirrors that posture.
 
5) EIL’s two-step technical tightening reshapes the pump package risk before award
8The amendment trail quietly narrows bidder freedom on HV classification and starting current, even as pre-bid queries show vendors pushing for hydraulic and metallurgy breathing room. The award table then throws up a pricing pattern that looks less like a race and more like a filter.
 
6) BPCL splits its 3-year TSV inspection programme across four regional awards
8BPCL’s TSV tender turns pipeline safety compliance into an audit-grade service contract with documentation gates that can quietly decide qualification. The awards show different winners by region, hinting at localised cost structures and capability pockets. But the bid framework still carries a live governance tension that could shape how vendors price risk in the next round.

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8Clearly, this freezes a performance-heavy comms contract before price discovery

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8PET moved higher this week, adding Rs 5/kg over the past seven days. On a month comparison, prices are firmer, though still lower than last year

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8PC prices were flat this week following little change over the past month. Compared with six months ago, levels remain softer.

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8SAN was steady this week, unchanged on a fortnight comparison

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8Hydrochloric Acid is down Rs 4.5/kg over the past month, and price swings have been sharper than usual

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8Acetonitrile slipped Rs 5/kg this fortnight, keeping the near-term tone soft even as the weekly change was flat. 

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8Melamine is higher than last year, and this week’s jump sharpened the upside tone

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8Trimethylolpropane is up Rs 4/kg compared with three months ago, keeping a mild positive tilt in the background

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8Formic Acid slipped Rs 6/kg this week, continuing a run of lower readings. 

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8TOTM is down Rs 89/kg from six months ago, keeping the longer view tilted lower

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8DOA is down Rs 11/kg over the past month, keeping the tone softer into mid-December. 

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8TEG is higher than last year by Rs 35/kg, but it has been flat week-on-week

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8Refrigerant R22 slipped Rs 20/kg over the past month, with the drop concentrated in the latest week

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8Polyurethane Resin for Sole rose Rs 7/kg this week and has now posted a three-step climb across recent sessions

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