Deals17 Sept 2025, 10:39 am
Agarwal Industrial Corporation Secures Tender from Indian Oil Corporation Limited Worth ₹ 330.05 Crores
AI Summary
Agarwal Industrial Corporation Ltd has announced that it has successfully secured a tender from Indian Oil Corporation Limited (IOCL) for the supply of Bulk Bitumen (VG-30 & VG-40 Grades) to Kakinada locations. The total estimated value of the tender is approximately ₹ 330.05 Crores, with firm orders amounting to ₹ 213.56 Crores and optional orders worth ₹ 116.50 Crores. This significant achievement underscores the company's growing presence and reliability in the bitumen supply chain and further strengthens its long-standing relationship with IOCL.
Key Highlights
- Agarwal Industrial Corporation has secured a tender from Indian Oil Corporation Limited worth ₹ 330.05 Crores.
- The tender is for the supply of Bulk Bitumen (VG-30 & VG-40 Grades) to Kakinada locations.
- The total estimated value of the tender is approximately ₹ 330.05 Crores, with firm orders of ₹ 213.56 Crores and optional orders of ₹ 116.50 Crores.
- This deal strengthens the company's long-standing relationship with IOCL.
- The supplies will be executed in accordance with the terms and conditions of the respective tenders.