Agarwal Industrial Corporation Limited (AICL) has secured a prestigious bulk bitumen supply tender from Bharat Petroleum Corporation Limited (BPCL), one of India’s leading public sector undertakings. Under the awarded tender, AICL will supply 42,800 metric tonnes of bulk bitumen across VG-30 and VG-40 grades to BPCL’s Kakinada and Mangalore locations. The contract represents a total estimated value of ₹218.59 crore, with firm quantities of 32,000 MT for Kakinada and 10,800 MT for Mangalore, valued at ₹166.68 crore and ₹51.91 crore respectively, based on current market prices.

The supplies will be executed on a contractual basis during the period from January 23, 2026, to January 22, 2027, in accordance with the tender’s terms and conditions. This significant achievement underscores AICL’s growing prominence and reliability in India’s bitumen supply chain and enhances its longstanding partnership with BPCL.

The tender, awarded by a domestic entity, does not involve any related party transactions or interests from the promoters or promoter group of AICL. It is a commercially viable contract, reinforcing AICL’s ability to meet large-scale infrastructure supply demands efficiently.

Speaking on this development, Yashee Agrawal, Company Secretary & Compliance Officer of AICL, highlighted that the award reflects the company’s focus on expanding its footprint in the domestic bitumen supply market and its commitment to delivering high-quality bulk bitumen solutions to strategic locations across India.

Annexure A of the official disclosure provides the following details:

• Entity awarding the tender: Bharat Petroleum Corporation Limited (BPCL)

• Contract nature: Domestic, contractual supply of bulk bitumen

• Timeframe: January 23, 2026 – January 22, 2027

• Total consideration: Approximately ₹218.59 crore

• Volume: 42,800 MT (VG30 & VG40 grades)

• Locations: Kakinada (32,000 MT) and Mangalore (10,800 MT)

• Promoter interest: None

This milestone strengthens AICL’s position as a key supplier of bitumen in India, serving critical infrastructure and industrial projects. By delivering bulk bitumen efficiently and reliably, AICL is positioned to play a pivotal role in India’s road construction and infrastructure growth, which relies heavily on high-quality bitumen.

The award also reinforces the company’s capabilities in managing large-scale supply contracts, ensuring timely execution and compliance with the requirements of PSU clients like BPCL. This achievement is aligned with AICL’s long-term growth strategy to expand its market presence and solidify partnerships with leading public sector enterprises.

In conclusion, the BPCL bulk bitumen tender award is a significant development for Agarwal Industrial Corporation, marking a strategic milestone in its operational and commercial growth. With a contract value of ₹218.59 crore and delivery commitments across Kakinada and Mangalore, AICL continues to strengthen its bitumen supply leadership while supporting India’s expanding infrastructure projects.

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