Mumbai, June 4 -- In a regulatory filing, the company said it has been awarded a tender for the supply of around 1.30 lakh metric tonnes of bulk bitumen, comprising VG-30 and VG-40 grades, at Mumbai and Mangalore locations.

The contract, awarded by HPCL, is estimated to be valued at around Rs 477.5 crore and will be executed between 25 May 2026 and 24 May 2027, subject to the terms and conditions of the tender.

The company said the order strengthens its position in the bitumen supply chain and reinforces its long-standing business relationship with HPCL, one of India's leading public sector oil marketing companies.

Agarwal Industrial Corporation manufactures and trades bitumen and allied products used in infrastructure projects. The co...