Agarwal Industrial Corporation Limited (AICL) has announced a major milestone with the award of a prestigious tender from Indian Oil Corporation Limited (IOCL), one of India’s largest public sector undertakings. The contract further cements AICL’s position as a trusted supplier in the bitumen value chain.
Under the contract, AICL will supply bulk bitumen grades VG-30 and VG-40 to IOCL’s Kakinada locations. The total awarded quantity aggregates to around 93,500 metric tonnes, split into:
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Firm Quantity: Approximately 60,500 MT across 11 parcels, valued at around ₹213.56 crore.
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Optional Quantity: Approximately 33,000 MT across 6 parcels, valued at around ₹116.50 crore.
Based on current market prices, the total estimated value of the tender is about ₹330.05 crore. Supplies will be executed between October 1, 2025, and May 31, 2026, in line with IOCL’s tender terms and conditions.
This win highlights Agarwal Industrial’s expanding footprint in the petroleum and infrastructure sector. With a strong history of serving IOCL, the company continues to demonstrate reliability, execution strength, and long-term industry partnerships.
