Times of India reported that state owned ONGC on October 22 has advanced the date of awarding contract for USD 500 million ONGC project by five days to January 20, 2022 before the mandatory domestic purchase policy for iron and steel products was to kick in for the project to restrict domestic pipe maker’s share of pipe supply to 20%. Under the circumstance, 80% of the pipelines are likely to be imported.ONGC had floated the tender for a project, identified as PRP-VII, to replace 317 kilometer inter-platform offshore pipelines on September 22 with February 3, 2022 as the project award date.ONGC, citing engineering necessity and interface hardships delaying projects, had sought an exemption for the PRP-VII project form Domestically Manufactured Iron & Steel Products in 2020. The steel ministry on January 29, 2020, granted exemption until January 29, 2022 for 80% of the required pipes with the caveat that ONGC test domestic producers by placing a development order by March 31, 2020 for the remaining 20% of pipes. Import of this quantity was allowed if the development order failed. ONGC was also advised to delink the development order from the tender and submit the test results for the ministry's review by June 2020.
Times of India reported that state owned ONGC on October 22 has advanced the date of awarding contract for USD 500 million ONGC project by five days to January 20, 2022 before the mandatory domestic purchase policy for iron and steel products was to kick in for the project to restrict domestic pipe maker’s share of pipe supply to 20%. Under the circumstance, 80% of the pipelines are likely to be imported.ONGC had floated the tender for a project, identified as PRP-VII, to replace 317 kilometer inter-platform offshore pipelines on September 22 with February 3, 2022 as the project award date.ONGC, citing engineering necessity and interface hardships delaying projects, had sought an exemption for the PRP-VII project form Domestically Manufactured Iron & Steel Products in 2020. The steel ministry on January 29, 2020, granted exemption until January 29, 2022 for 80% of the required pipes with the caveat that ONGC test domestic producers by placing a development order by March 31, 2020 for the remaining 20% of pipes. Import of this quantity was allowed if the development order failed. ONGC was also advised to delink the development order from the tender and submit the test results for the ministry's review by June 2020.
