Agarwal Industrial Corporation Ltd receives order from IOCL

Agarwal Industrial Corporation Limited is immensely pleased to announce to all its valued stakeholders that the Company has successfully secured a prestigious tender from none other than Indian Oil Corporation Limited (IOCL) - one of India's leading Public Sector Undertakings.

Under this tender, the Company has been awarded the supply of Bulk Bitumen (VG-30 & VG-40 Grades) to Kakinada locations, comprising:

- Firm Quantity: Approx. 60,500 MT across 11 parcels
- Optional Quantity: Approx. 33,000 MT across 6 parcels

This aggregates to a total of approximately 93,500 MT, with an estimated value of:

- Firm Orders: ₹213.56 Crores (approx.)
- Optional Orders: ₹116.50 Crores (approx.)

Total Estimated Value: ₹330.05 Crores (approx., based on current market prices)

This significant achievement underlines the Company's growing presence and reliability in the bitumen supply chain and further strengthens our long-standing relationship with IOCL.

The supplies will be executed in accordance with the terms and conditions of the respective tenders.

Shares of Agarwal Industrial Corporation Limited was last trading in BSE at Rs. 914.75 as compared to the previous close of Rs. 910.70. The total number of shares traded during the day was 12341 in over 843 trades.

The stock hit an intraday high of Rs. 960.00 and intraday low of 905.75. The net turnover during the day was Rs. 11537923.00.

Source : Equity Bulls

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