Agarwal Industrial wins Rs 477.50 crore HPCL tender

Agarwal Industrial Corporation Limited has been awarded a significant tender by Hindustan Petroleum Corporation Limited (HPCL) for the supply of bulk bitumen worth ₹477.50 crores. The contract entails the delivery of 1,30,000 metric tonnes of VG-30 and VG-40 grades across Mumbai and Mangalore locations. This agreement strengthens the company's position in the bitumen supply chain and extends its long-standing relationship with the public sector undertaking.

The supplies will be executed on a contractual basis between May 25, 2026 and May 24, 2027, as per the terms outlined in the tender. The order was awarded by a domestic entity and does not involve any related party transactions. The company confirmed that neither the promoter group nor group companies hold any interest in HPCL.

Tender Details

The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlights the commercial viability of the offer. The execution of this order is expected to be completed within the stipulated one-year timeframe.

Particular	Description
Name of the entity awarding the order	Hindustan Petroleum Corporation Limited (HPCL)
Nature of order	Contractual Basis
Quantity	1,30,000 metric tonnes of Bulk Bitumen (VG-30 & VG-40 grades)
Value	₹477.50 crores (approx.)
Execution Period	May 25, 2026 to May 24, 2027
Location	Mumbai and Mangalore
Related Party Transaction	No

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.87%	+19.93%	+21.90%	-31.61%	-47.02%	+136.19%

Agarwal Industrial Corporation reported a decline in its consolidated net profit for the financial year ended March 31, 2026, falling to ₹435.65 crore from ₹1,156.86 crore in the previous year. The company's Board of Directors recommended a dividend of ₹3.30 per equity share for FY26, subject to shareholder approval. Revenue from operations for the year stood at ₹1,652.22 crore, a decrease from ₹2,398.92 crore in FY25.

Annual Financial Performance

The company's financial results for the year reflect the impact of geopolitical scenarios and supply uncertainties. The consolidated net profit for Q4FY26 was ₹15.74 crore, compared to ₹30.53 crore in the corresponding quarter of the previous year. Total revenue for Q4FY26 was ₹411.74 crore, down from ₹828.13 crore in Q4FY25.

Metric	FY26	FY25
Revenue from Operations	₹1,652.22 crore	₹2,398.92 crore
Total Expenses	₹1,614.57 crore	₹2,274.71 crore
Net Profit for the Period	₹435.65 crore	₹1,156.86 crore
Earnings Per Share (Basic)	₹29.13	₹77.34

Operational Highlights and Dividend

The Board approved the reconstitution of the Audit Committee, effective June 01, 2026. The committee will include Mr. Suresh Nair as Chairman and members Mr. Mahendra Pimpale, Mr. Mahendra Agarwal, and Mrs. Khushboo Lalji. The statutory auditors, M/s Singhal Sanklecha & Co LLP, issued an unmodified opinion on the standalone and consolidated financial results.