News & Bulletin Updates

8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals

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8Additional session in continuous market [IEX]
8Change in directorate [RIL]
8Resignation of government nominee director from board [MRPL]
8Change in management [JD]
8Earnings presentation for the quarter ended 30 June 2025 [JD]
8Financial results for the quarter ended June 30, 2025 [JD]
8Adani Ports announces early results of cash tender offers for US dollar denominated senior notes due 2027 and 2029 [Adani Port]
8Business responsibility and sustainability reporting [EKC]
8Annual report for the financial year 2024–25 [EKC]
8Final call to submit tax documents for TDS exemption on Petronet LNG dividend by 23rd August 2025 [Petronet]
8Imposition of environmental compensation by APPCB on ONGC facilities in Andhra Pradesh [ONGC]
8Appointment of M/s Agarwal S. & Associates as secretarial auditor for FY 2025–26 to FY 2029–30 [IGL]
8Financial results for the quarter ended June 30, 2025 [IGL]
8Transcript of earnings conference call [MGL]
8ICRA upgrades long-term credit rating of the company [ATGL]

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8Project Name: Hoshiarpur and Gurdaspur Districts City Gas Distribution
8Project Cost: Rs 330 crore Click here for more details

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8Project Name: Ujjain, Dewas and Indore (Except area already authorized) Districts City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

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8Find out who these companies are going to be

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8Find out who these companies are going to be

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8The package couples mechanical, civil, and electrical works into a single, high-risk 12-month job. With round-the-clock mandates and extensive free issue + contractor supply mix, execution risk now fully rests on bidders.

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8The stringent tie-in of price evaluation with performance guarantees up front is a tightened practice

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8Mandatory hydrotesting, lighting scope, and downgraded design pressure signal late-stage engineering shifts. And yet a some critical points were left answered.

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BPCL launches feasibility tender for LPG Rail connectivity at Kandla
8BPCL's proposed 3.5 MMTPA refrigerated LPG terminal at Kandla hinges on critical rail linkage to Gandhidham Yard. The feasibility scope spans routing, alignment, approvals, and project costing within a tight 90-day window.
BPCL floats high-spec column tender for BPREP amid tight QA and SFMS Bank guarantee mandate
8With no exemptions for MSMEs or startups and strict chloride-control for hydrotesting, BPCL’s stainless steel demethanizer package under BPREP sets a high bar for vendors. EIL’s detailed QA/QC and SFMS-linked banking terms underline risk-sensitive execution philosophy.
HPCL skips securities in hydrogen FEED bid, puts spotlight on engineering accountability
8HPCL's GeM tender for compressed hydrogen detail engineering at Visakh sheds the usual EMD and CPBG clauses, but raises the stakes with high-risk compliance deliverables. With no arbitration fallback, bidders face execution risk without the usual safety net.
BPCL’s Polypropylene tender faces licensing drag, timeline stretches to August
8BPCL’s EPCC tender for the PPU and Butene-1 units at Bina faces unusual legal entanglements tied to Axens’ licensing regime, with seven deadline extensions already logged. EPC players are navigating confidentiality minefields before even accessing basic designs.

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IFFCO is a vast fertilizer company
8And it is connected to the oil & gas industry in more ways than one
8It is a big consumer of gas
8It is also a consumer of equipment and services provided by big EPC companues
8A generational change has occued in the company that all stakeholders should take into account

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IFFCO is a vast fertilizer company
8And it is connected to the oil & gas industry in more ways than one
8It is a big consumer of gas
8It is also a consumer of equipment and services provided by big EPC companues
8A generational change has occued in the company that all stakeholders should take into account

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8Find out who they are

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8Despite being open to flexible supply commitments, this maiden EOI draws a lone response — raising concerns about ecosystem maturity.
8The plan to co-process SAF through its DHDT faces real-world constraints as UCO sourcing remains fragmented and under-regulated.

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Biofuel push delayed: IOCL extends EOI timeline for Biomass Pyrolysis Oil vendors again
8Despite India's surplus biomass and rising decarbonization rhetoric, IOCL has had to twice extend its EOI timeline for toll pyrolysis vendors, hinting at a market not yet ready for commercial-scale execution. Stakeholders point to high technical thresholds and muted vendor preparedness as root causes.
Muted response pushes IOCL to twice extend Deadline for Advanced Coker Pilot Plant EOI
8Despite IOCL’s strategic R&D push, its EOI for a cutting-edge coker pilot plant drew a tepid market response—forcing two deadline extensions. Vendors remain wary amid niche scope, high spec demands, and limited commercial upside.
IOCL extends bid deadline for Paradip SRU shutdown tender amid tight PQC scrutiny
8In a predictable yet crucial move, IOCL has pushed the bid deadline for its Paradip SRU shutdown package by a week, offering relief to contractors grappling with PQ documentation and third-party validation. The scope, however, remains untouched—keeping the pressure squarely on bidders’ readiness.
IOCL relaxes flange rating norms in MPPL Pump tender amid multiple bid extensions
8A rare clarification allows ANSI 600# flanges with Class 300-rated pumps in IOCL’s MPPL booster unit tender. Frequent date shifts and spares pricing confusion mark high bidder sensitivity.

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8One beats the other by a narrow enough margin

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8Find out what makes the company so special

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8What made Tecnimont overshoot by a wide margin?

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8What made Tecnimont overshoot by a wide margin?

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8How did it quote half the L-2 price

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8Jindal Drilling's latest rig acquisition hasn't dented its cash reserves, leaving the company with a robust war chest of Rs 112 crore. How did it manage capital-intensive growth without straining liquidity, and what strategic opportunities could this financial strength unlock next?
8Here's a deep dive into Jindal Drilling’s calculated next steps.

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8It just scooped up 60% of Sumitomo’s new Asia arm
8From Tokyo to Jakarta, it’s game on in generics
8This takeover packs more punch than a pharma ad

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ONGC tender lifts bar for MPPU compliance in Assam with 15K psi spec, tight TPI norms
8The latest 5-year pumping tender from ONGC Assam introduces rigid tech specs and third-party validation norms, forcing vendors to upgrade inventories or tie up leases.
8A 9-month mobilization window offers flexibility, but operations must still deploy within 24 hours of ONGC callout—making logistics planning critical.
Hazira O&M tender redefines liability norms, stretches manpower flexibility
8The ONGC Hazira tender mandates end-to-end operations of cooling water, compressed air, and treatment systems, while embedding silent clauses that shift operational and standby liabilities to the contractor.
8Manpower redeployment flexibility and zero-cost scope additions mark a risk-heavy shift in standard practice.
Crude clean-up: OIL revives 30-tank sludge evacuation with tightened specs
8With a 4-year contract window and expansive tank-to-pit logistics, OIL’s sludge evacuation tender tightens control on solvent ratios, safety protocols, and dual-site execution. Contractor risk rises sharply on compliance, timeline, and third-party certifications.
BPRL's Cambay audit tender draws tight valuation–compliance focus
8Bharat PetroResources has floated a 6-month tender for independent physical inventory assessment and valuation at two Cambay onshore blocks.
8The scope is tightly confined to verification and categorization, with liability on the contractor for reconciliation and valuation accuracy.
8However, lack of clarity on SAP access and reliance on OEM inputs may pose execution hurdles.
TCRC secures ONGC TPI contract despite tighter L2 bid
8ONGC awarded the year-long third-party inspection job to TCRC Quality Controls LLP, even as L2 offered a 2.4% lower quote.
8The outcome points to strict enforcement of scope compliance and documentation discipline over mere price advantage.

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8ONGC pushed technical risks to the limit

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Tight pricing seals 3-year O&M deal for ONGC CBHP operations
8With just a 2.85% spread separating L1 and L2, the Rajahmundry asset’s CBHP O&M tender saw disciplined bidding aligned to ONGC's Fair Wage norms.
8Internship-linked relaxations may have aided Techno Fab’s edge.
No relief for MSMEs as ONGC shuts door on valve servicing flexibility
8Participating bidders like Alliance, Amrutha, and Krystal Engineering face stiff barriers in ONGC’s Rajahmundry tender, as every commercial and technical relaxation sought by MSMEs was flatly rejected — exposing them to execution and cashflow risks.
Three bidders vie for ONGC’s workover rig inspection tender as clarity sought on manday payments and reinspection compensation
8Bureau Veritas, DNV, and OMCI raise key clarifications on man-day billing, reinspection charges, and crew qualification in ONGC’s Mehsana workover rig TPI tender.
8ONGC’s responses remain vague, posing cost and compliance ambiguity.
Qualification criteria and scope ambiguities spark bidding risks in ONGC’s Nandasan O&M tender
8Multiple vendors challenge ONGC’s strict BEC and undefined KPI-linked manpower scope.
8While ONGC offers limited relaxations, unresolved ambiguities on penalties and responsibilities could impact bidder participation and pricing strategy.
Pre-bid pushback highlights spec rigidities in ONGC Cuddapah Basin drilling tender
8Multiple vendors raised red flags over rigid qualification norms, unclear geological inputs, and restricted OEM clauses in ONGC’s latest air hammer drilling tender—exposing risk layers in a technically sensitive wildcat campaign.

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