News & Bulletin Updates

8EET Hydrogen leads the North West’s low carbon economy with over 30 customer agreements [Essar]
8Corrigendum and pre-bid clarifications related to Mallavaram-Srikakulam natural gas pipeline BID/NGPL/22/2024/03/MSPL [PNGRB]
8CM Yogi Adityanath inaugurates 300 KLPD grain-based green distillery by Keyaan Distilleries, engineered by Praj Industries in Gorakhpur [Praj]
8Incorporation of wholly owned subsidiary 'GAIL Global IFSC Limited' at GIFT City, Gujarat [GAIL]
8BPCL and Sembcorp form joint venture to power India's low-carbon future [BPCL]
8Change in directorate of the company [IOCL]

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Effluent Treatment Plant Upgrade Project
8Cost: Rs. 100Cr.
8Project Event: Due to ongoing clarifications sought by prospective bidders, the bid submission deadline for the Effluent Treatment Plant Upgrade Project has been further extendedfrom April 8 to April 18, 2025. This extension follows an earlier revision from the original date of March 18, reflecting the project's commitment to a competitive and well-informed selection process for appointing the LSTK contractor.
NP (20:20:0:13) Fertilizer Expansion Project
8Cost: Rs. 220Cr.
8Project Event:The bid submission deadline for the OSBL Pipelines RFQ has been extended from April 1 to April 9, 2025. The re-released RFQ covers piping, mechanical, instrumentation, civil, and structural works. Construction activities are in progress, with equipment deliveries scheduled to begin in December 2024. The project is targeted for commissioning in Q1 2026.
TAN and CNA Expansion Project
8Cost: 50 Cr.
8Project Event: Rs. The company is in the process of securing environmental clearance for the expansion of its Technical Ammonium Nitrate (TAN) and Concentrated Nitric Acid (CNA) project. The company has submitted the Terms of Reference (ToR) and is currently preparing the draft Environmental Impact Assessment (EIA) report. Site surveys and basic engineering assessments are in progress. The Request for Quotation (RFQ) for the LSTK contractor remains on track to be issued in Q2 2025.
Nano Urea & Phosphate Rich Organic Manure Greenfield Project
8Cost: Rs. 250Cr.
8Project Event: The evaluation of technical bids for the structural steel works package at the Nano Urea plant has been completed. The contract is expected to be awarded shortly, with financial bids under final review. Site preparation activities are underway, and civil foundation work is likely to begin in the coming weeks. Meanwhile, procurement of critical equipment for the Nano Urea plant has commenced. For the PROM-SHEETALA unit, basic engineering has been completed, and tendering for civil and mechanical works is expected to be floated soon. Once commissioned, the projects will significantly contribute to sustainable and eco-friendly fertilizer production.

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It is great that ONGC is doing it. This is a great beginning.
8It is not just bringing in a technical consultant like it did with BP for Mumbai High
8It is now bringing in technical inputs from an expert who will also be given equity in the asset
8It is easier to work this out in a new property, but in ageing properties it is more difficult to estimate base line production, rate of decline and future incremental production
8But with Ai-related tools, that job too can be more transparent, and bringing in partners with stakes will get easier

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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8LNG
8Crude
8Chemicals
8Fertilizers
8Coal and Coke
8LPG
8Ammonia

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Andhra Pradesh Gas Distribution Corporation Ltd spent over Rs 400 crore building the Kakinada–Srikakulam Pipeline
8With a capacity of 38 mmscmd, it was meant to ferry gas out of a FSRU to be built by Shell and Engie (formerly GDF Suez). But duo backed out later on doubts whether there will be enough gas demand to justify a terminal
8That meant that the terminal never got built and the pipeline became a stranded asset
8This time around the PNGRB has put out a bid again for the pipeline, but with a different gas source
8Here again, we believe that the PNGRB proposal will not work, and we give you reasons why it will not work

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A limited tender is needed when there is a specific product or technology is to be sourced that is available only with a few companies
8A limited tender was floated for this specific petrochemical technology and production line
8But is it necessary to keep the list of companies to which the tender was sent also private?
8Find out what the law says, and what are the arguments for and against such privacy?

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The Poly Butadiene Rubber (PBR) Plant project at IOCL's Panipat Refinery & Petrochemical Complex is an ongoing project
8The cost is pegged at Rs 2100 crore
8EPC Contract: Awarded to thyssenkrupp Industrial Solutions India (tkIS India)
8EPCM Contract: Managed by Technip Energies India Limited
8Process Technology: Provided by Goodyear Tire & Rubber Company (USA)
8The project has got delayed. Here we track each and every contract awarded or taken out on this project and tell you much more on what is going on here
8There is no better place to get a bird's eye perspective on a project than with us.

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When a sector is about to boom, like in the case of Compressed Biogas, it will not be long before the need for compliance sets in
8So that it does not settle into a free-for-all, guidelines have been set in place for everyone to follow

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OPal just got a hefty infusion of ONGC cash. Also, subsidized gas.
8But the company's performance is where the litmus test is going to be
Click on Details to know what is going on with the company

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Here is a compensation pattern for top executives of a global oil & gas EPC player.
8The compensation levels aref good
8But an Indian player like L&T also pays its top brass very well indeed

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Monopoly rights and deep-pocketed backing couldn't shield this city gas player from mounting losses.
8Even with government incentives and guaranteed market access, profitability remains out of reach. 
8As volumes lag and costs mount, the Begusarai CGD project exposes the cracks in India’s gas rollout model.
8Strong sponsors can support, but they can't substitute for demand—or fix flawed market assumptions.

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Surviving in the LNG terminal business is not an easy job
8Here is a terminal that is five years old, and the promoter can generate only a minimum level of demand on its own.
8And it does not have a single take-or-pay deal in place yet

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8The age of scarcity is ending—and with it, the economics of extraction.
8Energy is no longer dug from the ground, but built on factory floors.
8As renewables scale, cost curves fall and the balance of power shifts—from geology to gigafactories.
8The winners? Those who master the art of manufacturing energy, not just mining it.

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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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The industry says potash consumption has collapsed
8The government is of a different view
Who is right?

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Government sales figures and industry-reported usage are drifting apart — and the gap is no rounding error.
8While official DBT sales show a steady, modest nutrient imbalance, industry data paints a picture of near-crisis.
8The disconnect isn’t just numerical — it shapes subsidies, imports, and the national narrative on soil health.
If the data is wrong, what else about India’s fertilizer story needs rethinking?

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8The company's profile has changed

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8What is claimed and what is the actual picture?

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8The free-for-all in the organic manure market is sought to be roped in

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What the government has done to potash use, is just to kill it
8And there is now a glaring asymmetry
Why is that so?

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8The recent subsidy hike will boost profitability very significantly indeed

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Looks like BJP ruled states are being coaxed into the green ammonia production paradigm
8Is it because the green ammonia tender pending for a long while, with repeated extensions, has found no traction?

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Here is a petrochem order
8Cost could be another above Rs 60 crore

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8The sudden cancellation of this high value offshore contract of ONGC has raised many an eyebrows

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