Agarwal Industrial Corporation has informed that the Company has successfully secured a prestigious tender from none other than Indian Oil Corporation (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 its long-standing relationship with IOCL. The supplies will be executed in accordance with the terms and conditions of the respective tenders.
