Deals21 Feb 2025, 06:03 pm
AGARWAL INDUSTRIAL CORPORATION LTD. Signs Supply Agreement with Bharat Petroleum Corporation Limited for Bulk Bitumen-VG 30 & VG 40
AI Summary
AGARWAL INDUSTRIAL CORPORATION LTD., a company under the Agarwal Group, has entered into a Supply Agreement with Bharat Petroleum Corporation Limited (BPCL), a Government of India Enterprise, for the supply of Bulk Bitumen-VG 30 & VG 40. 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 for one year, extendable for a further period of one year at BPCL's discretion. The quantity of Bitumen to be supplied is approximately 45000 MT for VG 30 and 30000 MT for VG 40, with an approximate total deliverable value of Rs. 303.00 Crores as per the terms & conditions of the Tender.
Key Highlights
- AGARWAL INDUSTRIAL CORPORATION LTD. has signed a Supply Agreement with Bharat Petroleum Corporation Limited for Bulk Bitumen-VG 30 & VG 40.
- 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 for one year, extendable for a further period of one year at BPCL's discretion.
- The quantity of Bitumen to be supplied is approximately 45000 MT for VG 30 and 30000 MT for VG 40.
- The approximate total deliverable value of the contract is Rs. 303.00 Crores.