Agarwal Industrial Corporation Secures ₹218.59 Crore Bulk Bitumen Supply Contract from BPCL
Agarwal Industrial Corporation Limited has been awarded a major tender by BPCL worth ₹218.59 crores for supplying 42,800 MT of bulk bitumen (VG-30 & VG-40 grades) to Kakinada and Mangalore locations. The contract runs from January 23, 2026, to January 22, 2027, with Kakinada receiving 32,000 MT (₹166.68 crores) and Mangalore 10,800 MT (₹51.91 crores). This domestic contract strengthens the company's position in the bitumen supply chain and its relationship with BPCL.

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Agarwal Industrial Corporation Limited has secured a prestigious tender award from Bharat Petroleum Corporation Limited (BPCL), one of India's leading public sector undertakings. The contract, valued at approximately ₹218.59 crores, involves the supply of bulk bitumen to strategic locations across the country.
Contract Details and Specifications
The tender encompasses the supply of bulk bitumen in VG-30 and VG-40 grades to two key locations. The contract specifications are structured as follows:
| Location: | Quantity (MT) | Estimated Value (₹ Crores) |
|---|---|---|
| Kakinada: | 32,000 | 166.68 |
| Mangalore: | 10,800 | 51.91 |
| Total: | 42,800 | 218.59 |
The total quantity of approximately 42,800 metric tonnes represents a substantial supply commitment, with the pricing based on current market rates.
Execution Timeline and Terms
The supply operations are scheduled to commence on January 23, 2026, and conclude by January 22, 2027, providing a full year execution window. The contract will be executed on a contractual basis, following domestic supply norms and regulations.
Regulatory Compliance and Disclosure
The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations, providing comprehensive details about the contract terms. Key regulatory aspects include:
- The contract is with a domestic entity (BPCL)
- No promoter or group company interest exists in the awarding entity
- The transaction does not fall under related party transactions
- Commercial viability has been confirmed for the contract size
Strategic Significance
This tender award underscores Agarwal Industrial Corporation's growing presence and reliability in the bitumen supply chain. The contract strengthens the company's long-standing relationship with BPCL and positions it as a key supplier in the petroleum products distribution network. The successful bid demonstrates the company's capability to handle large-scale supply operations across multiple geographic locations.
The award represents a significant business milestone, providing substantial revenue visibility for the company during the contract period. The execution will be carried out in accordance with the respective tender terms and conditions, ensuring compliance with all operational and quality standards.
Historical Stock Returns for Agarwal Industrial Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -13.02% | -13.79% | -12.22% | -35.97% | -38.51% | +303.49% |


































