India, Sept. 17 -- Agarwal Industrial Corporation Limited has announced that it has won a prestigious tender from Indian Oil Corporation Limited (IOCL) to supply bulk bitumen (VG-30 and VG-40 grades) to IOCL's Kakinada locations. The contract covers a firm quantity of about 60,500 MT across 11 parcels and an optional quantity of around 33,000 MT across six parcels, taking the total to approximately 93,500 MT.
The estimated value of the tender stands at about Rs 213.56 crore for firm orders and Rs 116.50 crore for optional orders, aggregating to roughly Rs 330.05 crore at current market prices. Agarwal Industrial said the deal highlights its growing presence and reliability in the bitumen supply chain and further strengthens its long-standi...