Agarwal Industrial Corporation Limited — Important, 13-11-2024: Updates

Agarwal Industrial Corporation Ltd. (AICL) has acquired a port facility at New Mangalore Port Trust to establish a 40,000 MT storage terminal for bitumen and other liquid products. The project is underway with a capital investment of approximately 40 crore, enhancing AICL's supply chain across South India. This new terminal will augment AICL’s current storage network, which includes facilities in Dighi, Vadodara, and Mumbai, strengthening its distribution capabilities. This investment is poised to positively impact the company’s financial performance by addressing the increasing demand in India’s infrastructure sector. AICL is well-positioned to cater to the rising need for bitumen, reaffirming its status as a leading player in the market.