Deals3 Jun 2026, 06:21 pm
Agarwal Industrial Corp Wins ₹477.5 Cr HPCL Bitumen Tender
AI Summary
Agarwal Industrial Corporation Limited has been awarded a significant tender by Hindustan Petroleum Corporation Limited (HPCL) for the supply of Bulk Bitumen (VG-30 & VG-40 Grades). The contract is valued at approximately ₹477.50 crores and involves supplying 1,30,000 metric tons of bitumen to Mumbai and Mangalore locations. The supplies are scheduled to be executed between May 25, 2026, and May 24, 2027. This award highlights the company's growing role in the bitumen supply chain and strengthens its relationship with HPCL.
Key Highlights
- Secured ₹477.5 Cr tender from HPCL for bitumen supply.
- Contract involves 1,30,000 MT of VG-30 & VG-40 grades.
- Supplies to be executed at Mumbai and Mangalore locations.
- Execution period is from May 25, 2026, to May 24, 2027.
- Strengthens relationship with HPCL and company's market presence.
Price Impact
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