Deals3 Dec 2024, 05:26 pm
Agarwal Industrial Corporation Limited Enters Supply Agreement for Bulk Bitumen with Hindustan Petroleum Corporation Limited
AI Summary
Agarwal Industrial Corporation Limited has entered into a supply agreement with Hindustan Petroleum Corporation Limited for the supply of bulk bitumen VG30 and VG40. The agreement, not with a related party, has been entered into at arm's length basis. The initial order period for the agreement is one year, extendable for a further period of 1 year at HPCL's discretion. The total deliverable value is approximately Rs.255.00 Crores as per the terms & conditions of the tender.
Key Highlights
- Agarwal Industrial Corporation Limited has entered into a supply agreement with Hindustan Petroleum Corporation Limited for bulk bitumen VG30 and VG40.
- The agreement is not with a related party and has been entered into at arm's length basis.
- The initial order period for the agreement is one year, extendable for a further period of 1 year at HPCL's discretion.
- The total deliverable value is approximately Rs.255.00 Crores as per the terms & conditions of the tender.
- The agreement is for the supply of bulk bitumen VG30 and VG40 conforming to IS 73-2013 from Agarwal Industrial Corporation Limited's Taloja Unit.