Agarwal Industrial Corporation’s stock rose 3% following the announcement of two significant tenders secured for bulk bitumen supply. The company has received orders from top public sector enterprises, Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL).
Agarwal Industrial’s first contract, awarded by BPCL, is for 12,500 metric tons of VG 30 grade bitumen worth approximately INR 55 crore. This strengthens its partnership with BPCL, a leading oil refinery in India. The second order from IOCL involves 5,500 metric tons of VG 30 and VG 40 grade bitumen valued at INR 2.5 crore, further cementing the company’s key role in supplying critical materials for infrastructure and construction.
As of 10:47 am, Agarwal Industrial Corporation shares were trading 3.33% higher at Rs 1,081.95 on the NSE.
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