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Rising E&P equipment prices for ONGC: The shoe is on the other foot.
Aug 24: A refusal of bidders in a recent ONGC tender to extend their bid validity periods due to delay in the processing of tenders seem to indicate that pressure is on the E&P company to finalize their processing within stipulated time
8Sources said that orders have gone up to all work centres to expedite processing or face scrutiny
8When prices were falling, delaying processing of tenders worked in favour of ONGC but when prices are on a rising curve, the shoe goes on to the other foot
8Find out what prompted ONGC to issue such instructions
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