Agarwal Industrial Corporation Limited — Important, 21-02-2025: General Updates

Agarwal Industrial Corporation Limited has entered into a Supply Agreement with Bharat Petroleum Corporation Limited (BPCL) for the delivery of Bulk Bitumen - VG30 and VG40. This agreement, which is not with a related party and is established on an arm's length basis, spans an initial period of one year, with the possibility of a one-year extension at BPCL's discretion. The total quantity to be supplied comprises approximately 45,000 MT of VG30 and 30,000 MT of VG40, translating to a deliverable value of around ₹303 crore. This significant order could enhance the company's revenue stream and strengthen its market position in the petrochemicals sector. Investors should watch closely for updates on the execution of this agreement and its impact on future performance.