Agarwal Industrial Corporation Limited Secures Major IOCL Tender for Bulk Bitumen Supply

Agarwal Industrial Corporation Limited, a leading player in India’s industrial supply sector, has announced a significant achievement, securing a prestigious tender from Indian Oil Corporation Limited (IOCL), one of the country’s foremost Public Sector Undertakings. This tender marks a major milestone for the Company, reflecting its growing reliability and prominence in the bitumen supply chain.

Tender Details and Quantities

Under this awarded tender, Agarwal Industrial will supply Bulk Bitumen in VG-30 and VG-40 grades to Kakinada locations. The supply details include:

• Firm Quantity: Approximately 60,500 MT spread across 11 parcels

• Optional Quantity: Approximately 33,000 MT across 6 parcels

In total, the Company is set to deliver 93,500 MT of bitumen, demonstrating its capability to handle large-scale orders efficiently.

Financial Implications

The financial valuation of the contract underscores the scale of this accomplishment:

• Firm Orders Value: Approximately ₹213.56 crore

• Optional Orders Value: Approximately ₹116.50 crore

• Total Estimated Contract Value: Approximately ₹330.05 crore based on current market prices

This tender win highlights Agarwal Industrial’s growing contribution to India’s infrastructure and road construction sector, where reliable bitumen supply is critical.

Strategic Significance

Securing a contract from IOCL strengthens the Company’s relationship with the PSU and positions it as a trusted supplier for large-scale bitumen requirements. The successful execution of this tender is expected to enhance the Company’s visibility in the industry and reinforce its reputation for quality and reliability.

Execution of Supplies

The deliveries will be carried out in accordance with the terms and conditions of the respective tenders, ensuring compliance with contractual obligations and industry standards. This structured approach underlines Agarwal Industrial’s commitment to operational excellence and stakeholder satisfaction.

Conclusion

The award of this substantial tender from IOCL for 93,500 MT of bulk bitumen, valued at approximately ₹330 crore, marks a notable achievement for Agarwal Industrial Corporation Limited. The Company’s growing presence in the bitumen supply sector and its ability to secure such high-value contracts reflects its strength, reliability, and strategic positioning within India’s industrial supply chain.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.