News & Bulletin Updates

8Cyclohexanone tankerload prices witnessed a notable drop in the Kandla port market today, driven by weakening demand and cautious buying behavior from downstream sectors

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8After witnessing a sharp rise on June 30, 2025, Propylene Glycol prices have eased in the Kandla port market today

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8Propylene Glycol Methyl Ether Acetate (PGMEA), an essential industrial solvent used extensively in electronics, paints, coatings, and printing industries, has witnessed a significant price increase in the Mumbai chemical market

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8Today, the price of Potassium Sulfate 51% Granule has witnessed an upward revision of Re 1/kg in the Ahmedabad market

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8The Delhi chemical market is currently witnessing a significant downturn in the prices of Adipic Acid, a key raw 8material used across diverse industries such as nylon production, polyurethane, plasticizers, and coatings

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8Explore the latest bulk chemical prices from the Mumbai market, updated for today
8Stay informed with comprehensive insights into key commodities and trends

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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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8Here are the roundup prices in India

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Jul 04, 2025: Global Ammonia prices

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

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8Here is the roundup price comparison chart for US Gulf, China and Brazil

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

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8Find out the latest roundup prices in India

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8The price was higher, find out by how much

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8The latest prices for Phosphoric acid in India

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8Here's what's happening today in the E&P, midstream-downstream, and CGD section

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8And here's how it's planning to do it

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8Project Name: Firozabad District City Gas Distribution
8Project Cost: Rs 200 crore Click here for more details

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ONGC's gas refill tender tightens grip with 30-day LD trigger
8Full calibration contract now includes strict turnaround limits and inspection protocols.
8Delay beyond 30 days to attract liquidated damages—raising bid prep and execution pressure for vendors across four ONGC offshore assets.
Low-bid sweep: Dutt Engicon wins ONGC’s Mehsana field instrumentation contract with 68% cut
8The 3-year calibration and maintenance contract for over 6000 field instruments saw Dutt Engicon emerge as L1 at Rs. 1.6 crore—nearly 68% below L2 and over 3.4× lower than the highest bidder.
8Price spread suggests extreme cost variation or margin pressure across vendors.
ONGC rejects experience relaxation, raising disqualification risk in Assam solar LSTK tender
8Clarification responses reveal ONGC’s hardline stance on experience criteria and post-bid flexibility.
8With startup waivers ruled out and modular credentials disallowed, several bidders face near-certain disqualification, tightening competition for the Sivasagar solar EPC.
Pre-bid clarification issues in Oil India’s mobile drilling rig tender
8A pre-bid clarification has been issued for Oil India’s tender for charter hire of a 1000 HP mobile drilling rig in Rajasthan, with changes to the Pre-Bid Conference and query submission deadlines.
8Bidders must now submit all queries by May 22, 2025, with the conference postponed to May 23, 2025, allowing more time for preparation.

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OIL adds penalty triggers and defect liability in pigging tender
8A sharp policy shift in Oil India’s IPS tender now makes contractors liable for product loss, adds a full-year defect rectification clause, and excludes standby rates for shutdowns caused by their own tools—raising cost and compliance heat.
OIL cuts payment time to 21 days post CRAC in barytes tender
8In a rare payment reform, OIL has shortened the post-CRAC payment window to 21 days, overriding GeM’s default 10-day clause.
8The move eases cashflow stress for barytes vendors supplying to the Duliajan site.
 Tender for DSF-OALP extended by a week amid bidder readiness concerns
8The GeM bid for hiring technical experts to evaluate DSF-IV and OALP-X blocks has seen a submission extension to 10 July 2025.
8With stringent 20+ year CV eligibility and hybrid deliverables, the move hints at bidders seeking more prep time. No change in scope, rates, or qualifications—just breathing space for alignment.
ONGC pushes hot oil unit tender to 21 July amid TPI and mobilization compliance crunch
8The GeM tender for hiring HOC units with tankers across three ONGC assets has been extended by another week, pushing submission to 21 July.
8With strict demands on TPI timing, residual equipment life, and extensive documentation, vendors are likely struggling with readiness.
8No relief on technical, legal, or scope fronts—just a small timing window to catch up.

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8Find out how it is going about it.

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CPCL's green hydrogen BOO tender: Weariness sets in
8Everyone is fed up of this tender, it seems like
Five extensions and counting: Is BPCL's steam generation tender heading for a structural rethink?
8Repeated deadline shifts—from May to July—point to persistent bidder unease and unresolved commercial-technical disconnects.
8The core issues: unachievable emission norms, risk-loaded financial clauses, and GST ambiguities.
CPCL’s PSA rental bid drags on with 7 extensions: Vendor fatigue or spec rigidity?
8A rental-based PSA nitrogen generator tender at CPCL has now seen seven deadline extensions.
8The delay signals potential bidder hesitation—either due to stringent eligibility terms or diminishing margins under reverse auction pressure
BPCL’s Sphere Tender: Design revisions, material rigidity, and tight fireproofing norms test bidder mettle
8A string of amendments and clarifications in BPCL’s Bina refinery sphere tender tighten qualification filters and push cost and compliance burdens onto contractors—raising red flags on scope clarity and risk spread.
Access & integration hurdles delay IOCL’s Cochin HFHSD pipeline survey tender yet again
8The dual-layered CoPA–SNC survey bid for IOCL’s HFHSD pipeline sees third extension amid complex integration, CRZ mapping, and defense access hurdles. Shortlisted bidders face tight execution window.
Click on Details for more

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Revised QCBS Framework Raises Bar for Biogas PMC Bidders: Experience, Methodology, and Manpower Now Heavily Weighted
8The promoter tightens technical evaluation norms in its flagship CBG plant tender, demanding deeper sector experience, formal presentations, and larger in-house teams — a shift that may favor seasoned consulting firms but squeeze mid-tier players.

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Top-tier players line up for high-pressure exchangers in Bina: Aggressive pricing expected
8Heavyweight engineering firms vie for BPCL’s BPREP screw plug/breech lock heat exchangers package.
8With demanding specs and a CLG technology NDA, this bid round marks a test of price vs pedigree.
Five firms bid for BPCL's Bina mounded bullet tender despite stringent conditions
8A tight race unfolds as five seasoned contractors participate amid stringent payment and performance security terms.
8Tender tweaks favor BPCL, setting a precedent for future packages.
Tough shortlisting for IOCL PMC tender: 3 out of 8 bidders qualify amid stringent accreditation norms
8A highly competitive IOCL PMC tender for Maharashtra sites saw just 3 out of 8 contenders making the cut. Accreditation and technical compliance emerge as key eliminators.
Only 1 out of 4 qualifies for HPCL’s Dahej coordination tender: MSE preference under scrutiny
8HPCL’s tender for coordination services at Dahej sees a high disqualification rate — 75% of bidders out.
8The sole qualifying bidder is an MSE, raising questions about document compliance and bid structuring.
Big Four vie for IOCL advisory mandate: Why did E&Y did not make it?
8In a tightly controlled limited tender, IOCL shortlisted only five elite firms—yet only Deloitte, PwC, and KPMG emerged technically compliant.
8What really happened to E&Y.
Massive price spread in HPCL’s ATF pipeline appraisal bid: L1 undercuts L2 by over 100%
8A financial consultancy firm clinched HPCL’s Visakh–Bhogapuram pipeline appraisal contract by quoting less than half of its nearest competitor.
8The sharp divergence in bids hints at a structural shift in PSU consulting price benchmarks.
Click on Details for more

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8When companies were expecting large per day rates, the actual rate turned out to be pathetically low
8Click on Details for more  

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8Across both LSTK-3 and LSTK-4 packages of BCGCL’s coal-to-chemicals project, PDIL has issued over a dozen bid extensions and marginally softened cashflow terms—but refuses to budge on PAC-linked risk, monthly payout caps, or supply-side flexibility, leaving core contractor concerns unresolved.

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