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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8Here are the roundup prices in India

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May 27, 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, Middle east, 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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8Earlier inconsistencies have been corrected.
8This signals clearer execution contours and refined cost allocations.
8Clearer conditions for consortium members, their equity commitments, and bid submission responsibilities have been spelt out.
8While the creation of a special purpose vehicle (SPV) remains standard, clauses now accommodate the possibility of the lead bidder becoming the operator directly.

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8As GMR builds the airport, HPCL lays the pipeline.
8The pipeline not only serves an airport — it’s a key move in HPCL’s larger push to strengthen East Coast energy logistics.

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8While the tender includes a steel-linked escalation clause, bidders have raised concerns about excluding equipment like transformers, cables, and switchgears.
8The bid deadline has been extended, allowing contractors to reassess their pricing strategy in light of rigid commercial terms and extensive risk pass-through to bidders.

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8The updated Engineering Design Basis redefines process continuity and safety margins for the compressed air and nitrogen plant—marking a pivotal upgrade in scope alignment for vendors.
8The vendor bar has been raised, with only proven hands for critical nitrogen systems.
8Design flexibility introduced: Inbuilt demister pads in the direct cooler vessel will now suffice, potentially lowering fabrication complexity without compromising dew point control.

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8BPCL now explicitly lists AVEVANet and SPF (or equivalents) for integrating 3D models with engineering deliverables for its project
8This sets the bar for high-end digital twin integration across the polyolefin expansion project.

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8A key bidder has pushed for capping risk purchase liability to 10% of paid contract value, seeking insulation from third-party defaults. This indicates concern over potential backdoor exposure in high-value refinery projects.
8Despite industry-wide steel price fluctuations, the client refuses to permit price variation in the LSTK boiler package—putting full inflation risk on EPC bidders.
8Clarity emerges that BOCW at 1 per cent is not applicable as the steam generation block is located inside an operational refinery—an exemption that alters bid pricing dynamics.

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8Despite industry feedback, the refiner maintains that the Project Manager must possess both a science/engineering degree and an MBA or equivalent—signaling a push for hybrid expertise.
8Requests to widen the sector experience criteria for Lead Partner from refinery-specific to general oil & gas were rejected, emphasizing refinery-centric strategy focus of the owner.

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8Technip, Toyo, and Tecnimont are in the race for this EPCC tender By using internal polymer-grade propylene, the new unit reduces dependence on imports and enhances value retention within the refiner’s own system.
8The tender excludes JV or consortiums and prohibits subcontracting of engineering, underscoring the need for standalone technical strength.

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8The SME led by Mrs. Soma Dilip Bera beats competition to oversee critical petroleum infrastructure work

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8A key tender that downstream tender has been cancelled
8But there could be other reasons too for nixing the tender

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ONGC's offshore asset connectivity and production ramp-up may face delays following cancellation of this key EPCIC tender.
8A retender or modular reissue could be next.

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The high-profile carbon capture tender in a legacy oilfield was withdrawn after none of the participating firms—despite including industry names like Baker Hughes and Blade Energy—met the technical or documentary criteria.
8Clearly, the scope of work was too ambitious, it seems, in India first CCUS design contract attempt

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8GSPC floats two-year emulsified crude sale tender from Sanand field
GSPC has invited bids for sale of emulsified crude from the Sanand Part A field under CB-ONN-2002/3. The sale is structured on a take-or-pay model with a two-year contract and off-take to begin within 15 days of LOA.
8Vedanta opens gas sales bidding from CB/OS-2 offshore block
Cairn Oil & Gas has invited online bids for sale of natural gas from the producing CB/OS-2 block off the Gujarat coast. The process will follow DGH-prescribed e-bidding norms, hosted via mjunction.
8GSPC offers 790 KL/month emulsified crude from sanand east on take-or-pay basis
Under the tender, GSPC is offering emulsified crude to be lifted from SE1#A1 QPS near Ahmedabad.

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8The refinery’s bid to channel ESC allocations into solar and bio-CNG systems was returned, as EAC insisted funds be spent based on local public needs, not internal plant use.

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8The bid deadline has been pushed.
8Bidders will have time now to reassess cost-impacting updates—such as steam export credits, turbine configurations, and auxiliary load guidelines under new corrigendums and latest pre-bid replies.
8Bidders may factor up to 95 TPH LP steam for cost calculations—marking a crucial ceiling for EPC players recalibrating financial bids for the ammonia unit.
8Partial condensing steam turbines for both synthesis gas and refrigeration compressors are to be accepted, allowing greater flexibility in bidder design philosophy.
8Ban on shared condensers for compressor drives is retained, citing process safety and operational independence requirements.

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8GSPC is looking for common services in Ahmedabad, Ankleshwar, Sanand Miroli, and Tarapur fields of GSPC—encompassing both legacy and RFPSC assets, with inter-block movement billed per km.

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Only top-tier players like Lloyds, DNV-GL, RITES, and BV are eligible.
8This filters out unqualified bidders and reinforces quality compliance for premium tubulars.

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