News & Bulletin Updates

8The price of Agricultural Film (25-micron grade) has experienced a moderate decline in the Mumbai market, dropping by Rs.3 per kilogram over the past two trading sessions

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82-Ethylhexanol (2-EH) prices recorded an increase today in the Delhi market, as reported by Indian Petrochem analysts

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8The price of  Dioctyl terephthalate (DOTP) in the Mumbai market experienced an upward movement today, attributed to slight fluctuations in supply and demand, as well as rising raw material costs

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8he price of CPP (Cast Polypropylene) Metallized Film, 25-micron grade, has recorded a modest increase in the Ahmedabad market

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8The domestic market for propylene in Ludhiana (H100EY) experienced a price movement today

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8Today, the Jaipur market saw LLDPE (E24065) prices moving up

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8The domestic diisononyl phthalate (DINP) prices in the Mumbai market were up today

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8In the Ahmedabad domestic market, prices for DIBP (Diisobutyl Phthalate) have seen a hike today, according to Indian Petrochem analysts

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8From extended OEM support to milestone-tied payments and unforgiving forfeiture clauses, PLL’s nitrogen package tender reflects a hardening stance on execution accountability
8Contractors face tighter cash flows, inflexible specs, and rising compliance costs.

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Find out why demand can be less than rosy
8Is there a structural problem ahead?

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8Why was that so?

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Public sector companies are in a rush to set up sub-optimal capacities
8But are they walking into a trap?

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8Project Name: Faizabad and Sultanpur Districts City Gas Distribution
8Project Cost: Rs 200 crore Click here for more details

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Aug 02, 2025: Parliamentary Briefs

8Domestic crude oil production [Lok Sabha]
8Improvement in the average ethanol blending [Lok Sabha]
8Rising prices of petroleum products [Lok Sabha]
8Hydrocarbon exploration and mining in Gulf of Mannar region [Lok Sabha]
8Targets of ethanol blending programme [Lok Sabha]
8Acquisition of land by ONGC [Lok Sabha]
8Abandoned oil and gas exploration and production sites [Lok Sabha]
8Production of bio-fuel in Numaligarh Refinery Limited [Lok Sabha]
8Apna Ghar resting facilities for truck drivers by OMCs [Lok Sabha]
8Connections released under PMUY 1.0 and 2.0 [Lok Sabha]
8Projects under Pradhan Mantri G-VAN in Madhya Pradesh [Lok Sabha]
8Distribution/allocation of new petrol pumps [Lok Sabha]
8LPG distribution network of IOC in Lakshadweep [Lok Sabha]
8PNG network in Tamil Nadu [Lok Sabha]
8PAHAL scheme in Madhya Pradesh [Lok Sabha]
8Establishment of oil depot in Mizoram [Lok Sabha]
8Status of PMUY in Tamil Nadu [Lok Sabha]
8Allotment of petrol pumps and gas agencies under special concessions/exemptions [Lok Sabha]
8Determination of rates for CNG and PNG [Lok Sabha]
8CSR activities by PSUs [Lok Sabha]
8Availability of CNG and PNG infrastructure [Lok Sabha]
8Shortage of CNG supply in Karnataka [Lok Sabha]
8Gas leak incidents in ONGC's wells [Lok Sabha]

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BPCL tightens spec for tower internals at Kochi, vendors face zero-tolerance regime
8Unforgiving weld specs, clamp removals post-install, and EIL's strict tray configuration rules push vendors toward high-precision fabrication. While BPCL cuts risks, bidders face tightened QA with no room for execution slippage.
IOCL’s Tank Audit tender raises Engineering bar, but locks out MSMEs, startups
8Gujarat Refinery’s consultancy bid for tank adequacy and safety leaves no room for exemptions—demanding deep mechanical audits, fire protection validations, and full-scope deliverables with no design data to start from. The absence of design drawings and MSME relaxations raises execution risk and bidder entry barriers.
HPCL floats tight-timeline pipeline hydrotest bid at Bareilly without MSME relaxations
8HPCL’s latest GeM tender for hydrotesting of MS, HSD, and SKO pipelines at Bareilly New IRD sets a one-month execution window without EMD exemptions or bid splitting. No leeway granted to MSMEs or startups, while reverse auction and strict performance liabilities elevate execution risks.
Sulphur Palletizer Unit & Molten Sulphur Loading: Heavy penalties
8Heavy penalties for operator to be hired for this unit.
BPCL looks for PMC for Bathinda rail siding revamp amid OISD compliance push
8BPCL's PMC tender for new LPG & POL railway sidings at Bathinda signals a strict safety realignment. But consultants face tight 18-month deadlines, zero-compensation clauses, and full-spectrum compliance deliverables—with no arbitration relief in sight.
IOCL invites bids for full-stack SCADA and LDS integration across MPPL pipelines
8The Rs. 47 lakh tender underlines IOCL’s push to consolidate control systems across its MPPL corridor by integrating SCADA and leak detection under a virtualized PAS framework. However, optionality in software upgrade paths and EMD for MSEs may limit bidder diversity.

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8In a sharp mix of liberal and hardline reforms, EIL scraps integrity pacts for subcontractors but enforces stricter bid withdrawal penalties and PBG escalation, signaling a shift in tendering strategy for PLL’s Dahej water block package.

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8Project Name: Sirsa, Fatehabad and Mansa Districts City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

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8Was the owner too firm in its tender norms
8Bdder attrition points to rising entry barriers in India’s green gas push.

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8In a tightly contested centrifugal pump tender for IOCL’s Barauni refinery, Ruhrpumpen bagged the order by quoting sharp 15% lower than its nearest rival. The wide spread to L4 signals aggressive vs risk-loaded strategies across vendors.

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8Find out what happened in field trials

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BPCL screens out 3 of 8 bidders in Bhilai CBG soil-survey tender amid strict vetting norms
8Despite modest contract value, stringent lab accreditation and site visit norms led to the disqualification of nearly 40% of participants. Soil investigation scope aligns with full-scale plant foundation readiness, with no relaxation granted.

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8Bureau Veritas is a structured company with a foreign grounding
8It must be really cutting corners to bid 60% below its competition

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8OIL India has pushed back the bid deadline for its high-value rig charter tender, the fifth known extension.
8Despite repeated delays, no structural changes were introduced. The persistent extensions point to bidder hesitancy or complexity in compliance preparation.

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8Hindustan Oil Exploration Company (HOEC) has extended the bid submission deadline for crude sales from the offshore B-80 field to 19 August 2025.
8The move signals active bidder engagement and continued interest in the asset, even as timelines shift for the fifth time.
8Buyers are now watching for updated auction strategies and logistics clarifications.

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The cut in APM supplies is a signal of what the future has in store for CGD companies
8Some companies are now building a survival strategy

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