News & Bulletin Updates

8IOCL’s EPCC-15 tender for the Barauni VRU has slipped by more than 11 weeks through four consecutive extensions. The repeated deferrals point to bidder unease over extensive civil, PESO, and Fire & Gas responsibilities. Whether this marks a new IOCL precedent for downstream packages will be closely watched.

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8The PNGRB’s tender for the Visakhapatnam–Bhogapuram ATF pipeline has now seen multiple deadline extensions and critical clause revisions. Net worth requirements were slashed, then partially raised, while route length jumped from 60 km to 85 km. Such shifts could reshape bidder strategies and delay bid finalisation.

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1) MRPL issues OEM-tight APH tender for Hydrogen II unit with 33-month security lock-up
8Mangalore Refinery has invited bids for a plate-type air pre-heater under unusually tight pre-qualification bars. The tender excludes startups and forces OEM-only participation, while locking up 5% security for nearly three years. The design-plus-service scope signals MRPL’s risk-averse stance on hydrogen unit reliability.
 
3) Fire-water expansion goes dual-award with a –5% price floor
8NRL will split the fire-water and allied mechanical scope between two bidders on common rates. A –5% hard floor and lottery tie-breakers are meant to curb under-quoting while moving faster. The fine print shifts execution risk into measurement discipline rather than discounts.

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1) Wireline logging, perforation, TCP-DST, compact logging and well intervention services for offshore and onshore: An update
8The pre-bid round nudged only where it had to: preventive maintenance is now time-capped, but penalties elsewhere got sharper.
8Bidders wanted split awards and base clarity; ONGC kept the line and told them to price the risk.
8The playbook is cost discipline with bounded maintenance downside, not a re-write of the contract.
 
2) ONGC hardwires a single-source-of-truth SOW and adds a 25% option clause in WON Basin IT upgrade
8The buyer has replaced the entire SOW stack with a corrigendum that trumps every other annex.
8That cleans up precedence but raises the execution bar: OEM-only installation, DR replication and SIEM integration are non-negotiable.
8The option clause keeps procurement elastic while acceptance tests make performance the real gate.
 
3) OIL Mahanadi coring tender: An update
8Oil India has recast when the contract “starts,” switching the effective date to mobilization milestones.
8A 25% option on quantity or duration adds procurement elasticity while shifting volume risk to vendors.
8With the bid window now running to 30 September 2025, participation depth and DS-1-ready capacity will decide the pricing arc.

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1) ONGC tightens O&M-plus-revamp accountability in Ahmedabad effluent plants tender
8The Ahmedabad ETP package binds contractors to both overhaul and long-term operation.
8Clause changes offer only narrow relief, with penalties largely intact.
8Cashflow is tied to PGTR success, raising the entry bar for smaller bidders.
 
2) OIL hard-codes two-hour, certified Tier-1 spill readiness for Kerala-Konkan well
8The Kerala-Konkan OSR tender forces real-world readiness with third-party-certified kits and IMO crews at Kochi.
8Standby pay hinges on inspection-verified availability, while operating pay triggers only when gear hits water.
8With chemicals, fuel and custody costs on the contractor, only truly mobilised players will bid.
 
3) ONGC holds the line on one-day mobilisation, truck-mounted 1¼-inch CTU and no standby despite pre-bid push
8Vendors pressed for trailer-mounted units, 1.5-inch coil and softer penalties; ONGC declined almost all.
8The buyer has nudged only at the margins — a small pumper dimension tweak and wording clean-ups.
8The risk/cashflow centre of gravity remains with contractors under a hard one-day readiness rule.
 
4) ONGC caps PM-delay recovery to 10 days but holds CIS and denial penalties firm after pre-bid
8Pre-bid exchanges moved one needle: preventive-maintenance penalties are now time-capped, with rentals paused during validated overhauls.
8But ONGC refused most price-format relaxations, kept CIS ceilings and job-denial recoveries, and retained mobilization deferment rights.
8The balance tilts to readiness and cost discipline, leaving contractors to price logistics and integration risk into category bids.

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8ONGC has moved the bid clock again, this time to 13 October.
8The scope and rejection triggers remain intact, keeping the bar high on technical and HSE compliance.
8Whether the longer runway widens the vendor pool without inflating day-rate buffers is the real contest.

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8Four hybrid PSVs are on the block, and ONGC has stacked the specs with DP2, Fi-Fi, and 1 MWh battery mandates.
8The EMD alone is Rs 8 crore, and no consortium bids are permitted.
8Which shipyards can meet the endurance, digitalisation, and tax-burdened clauses will decide who sails.

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1) Three extensions delay BPCL Bina refinery DCS tender
8BPCL’s Bina Petchem and Refinery Expansion DCS package has seen three bid date extensions, now closing on 03 October. The cumulative delay stretches to 44 days, underscoring bidder stress around PQC and documentation. The zero-deviation stance remains intact, raising questions about vendor pool depth.
 
2) Petronet LNG pre-bid clarifications tighten vendor risk cover for Dahej PDH-PP pumps
8Petronet LNG’s pump package for its Dahej PDH-PP project comes with sharp risk-transfer clauses. Vendors face obligations on flanges, extended warranties, and stacked guarantees. A metallurgy concession is the only flexibility offered.
 
3) Bid dates shifted via portal notice for PP catalyst buy in IOCL Panipat complex
8IOCL has moved the bid schedule for its 8,800 kg PP catalyst procurement but kept specifics on the portal. The original due date was 2025-09-08 at 15:00 IST. Vendors will need to track the e-tender critical dates table to avoid last-minute surprises.
 
4) Bid deadline pushed by 10 days for OSBL instrumentation commissioning support
8GMPL has extended the bid submission for its OSBL instrumentation commissioning support package by ten days. The commercial and qualification architecture—including SEZ zero-rated quoting, EMD, and ePBG—remains intact. The extra time could widen the bidder pool without changing risk allocation.

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Petronet MHB Limited filters bidders sharply in digitalization tender with strict on-prem and security mandates
8Only two of six bidders survived technical scrutiny in PMHBL’s corporate digitalization program. Security, on-prem hosting, and strict PQCs reshaped competition. Option Clause risks and relaxed Karnataka office norms add fresh complexity.

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8Indian Oil’s attempt to source feasibility consultants for its Paradip propylene oxide–polyol project ran aground despite revised timelines. Mandatory reverse auction and sweeping option clauses deterred credible participation. Cancellation leaves IOCL reassessing how to balance GeM norms with petrochemical realities.

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1) Fabtech sweeps BPCL Bina mounded bullet package with aggressive pricing under 11% spreads
8BPCL’s Bina expansion mounded bullet tender saw Fabtech Projects outbid four rivals across all BoQs. The client softened security deposit rules but tightened GST and ITC compliance. How these shifts affect contractor margins and future package awards remains to be seen.
 
2) String & Weld secures GAIL’s ONGC Jharia–JHBDPL tie-in contract with a 32.6% price gap over L2
8GAIL’s tie-in tender for connecting ONGC Jharia to JHBDPL closed with a stark spread between L1 and L2. String & Weld emerged lowest at Rs 14.33 crore, far below Enerinfra’s Rs 19.00 crore. The aggressive undercutting raises questions on cost realism and execution risks.

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8Project Name: Mirzapur, Chandauli and Sonbhadra  District City Gas Distribution
8Project Cost: Rs 250 crore

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8Project Name: Dakshina Kannada District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

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8Monthly report on crude oil and petroleum products – August 2025 [PPAC]
8Engagement of individual consultant personal assistant level I on contract basis at PNGRB [PNGRB]
8Visakhapatnam international airport (Bhogapuram) ATF pipeline project VIAPL corrigendum IV [PNGRB]
8Clarifications on bid BID/PPPL/21/2025/06/DKPL for ATF pipeline authorization at Kempegowda airport [PNGRB]
8G E shipping takes delivery of 2015 built Kamsarmax dry bulk carrier “Jag Amol” [GES]
8Update on dissolution of Reliance global project services Pte. Ltd. [RIL]
8Intimation about participation in event [Praj]
8Board meeting on September 25, 2025 to consider ESOP 2025 and issuance of NCDs [Afcons]
8Commencement of term contract for recently acquired vessel from September 21, 2025 [GOSL]
8Direction issued by Govt. of India in respect of block CB-OS/2 [ONGC]
8Joining by Shri Roopesh Kumar Tiwari as executive director (HR) (one level below board of directors) in the company [Petronet]
8Disclosure giving operational update of drilling campaign by the company & its subsidiary [GNRL]

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8Buyers still want October–November arrivals, but spot tonnes are scarce and origins are pricier.
8Contract slippage from key suppliers is pushing replacements higher.
8Negotiations are stretching longer, with talk of offers even testing the $440/t mark.

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There has been a fall in NPK prices for India
8Get the full synopsis here

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8Fertiliser consumption in India: A bold shift towards growth and balance [FI]
8Intimation of term expiry of Smt. Aishvarya Singh, non-executive government nominee director [MMTC]
8Board approval for submission of reclassification application by promoter group entities under regulation 31A [Coromandel]
8Board approval for setting up TMAP plant at Visakhapatnam and update on senior management personnel [Coromandel]
8Disclosure of ESG score 66.2 (Grade B) assigned by SES ESG Research for FY 2024-25 [GNFC]

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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
8All tankers
8Bulk and Dry cargo

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8Find out more

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8The revamp flagged a quantified flow increase that could push its PRE beyond current comfort limits. A new bypass trim valve and control-logic revamp are on the table, with a tight 58+4 week delivery window. Controls integration inside the existing system concentrates commissioning risk on software change quality and interlock validation. Bidders with proven Dresser-Rand/E-148 logic experience will carry an edge. The financial gate and missing cash-security terms set up a telling RFQ round.

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8The tender’s evaluation adds TPI, spares, supervision, PWAMC, training, and utilities to reveal true landed cost. It reduces scope for post-award claims. It rewards upfront completeness rather than tactical omissions.

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8EIL, on behalf of BPCL, has kicked off licensor selection for a two-train polypropylene block with strict proof of performance. Geography-agnostic but non-home-country references and multi-grade capability will narrow the field. The fine print on guarantees and energy index will decide who really clears the bar. Feed flexibility from cracker and PFCC pushes licensors to demonstrate envelope robustness. Hydrogen balance and comonomer management will be closely read in the BEDP. Energy and footprint claims will need quantified baselines.

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8With ONGC on domestic PPAC + auction premiums, Cairn straddling LNG and Brent, SunPetro imposing hard caps, Oilmax gaming crude baskets, and Selan tethering to PPAC ceilings, India’s buyers now face a confusing choice

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In Production Enhancement Contract was awarded six months ago
8And it is already in the market selling the incremental gas

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BPCL consolidates public hearing and sia into a single lump-sum package for Ramayapatnam refinery-cum-petchem project
8BPCL is clubbing stakeholder engagement and social impact assessment into one consolidated award for its Ramayapatnam refinery-cum-petchem project. The three-month, no-rate-variation window shifts execution and cash-flow risk squarely to the vendor. The fine print in the GCC and forms hints at strict governance with limited wiggle room.

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