Agarwal Industrial Corporation Limited Awarded Contract by HPCL for Bulk Bitumen Supply Worth Rs 477.50 Crores
Agarwal Industrial Corporation Limited (AICL) has secured a significant contract from Hindustan Petroleum Corporation Limited (HPCL), one of India's major Public Sector Undertakings. The agreement involves the supply of specific grades of bulk bitumen across two locations in India.Under the awarded tender, AICL will be supplying Bulk Bitumen (VG-30 and VG-40 Grades) at both Mumbai and Mangalore. The contract specifies a volume of 1,30,000 Metric Tonnes (MTs), with an estimated total value amounting to Rs 477.50 crores.
This deal underscores AICL’s growing reliability within the bitumen supply chain and further solidifies its established relationship with HPCL. The supply execution is scheduled to take place during the period spanning May 25, 2026, to May 24, 2027, in accordance with the tender terms and conditions.
Key details regarding this contractual award include:
| Parameter | Details |
|---|---|
| Entity Awarding Contract | Hindustan Petroleum Corporation Limited (HPCL) |
| Nature of Business | Supply of Bulk Bitumen (VG-30 & VG-40 Grades) |
| Total Volume | Approximately 1,30,000 Metric Tonnes |
| Estimated Value | Rs 477.50 crores |
| Execution Period | May 25, 2026 to May 24, 2027 |
| Contract Status | Domestic and on a Commercial Basis |
The contract details confirm that the business relationship is domestic and that neither the promoter nor their group companies have any vested interest in the entity awarding the order.
AGARIND Stock Price Movement
Agarwal Industrial Corporation Limited shed value in post-market trading today, settling down 1.26% at ₹419.40. The equity experienced a day's range that stretched from a low of ₹414 to a high of ₹424.7, while 15,201 shares were traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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