Nature of the Disclosure
This is a regulatory filing by Agarwal Industrial Corporation Limited (AICL) made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure intimates the stock exchanges of a significant contract award.
Key Quantitative Figures and Details
AICL has been awarded a tender by Hindustan Petroleum Corporation Limited (HPCL). The contract is for the supply of Bulk Bitumen (VG-30 & VG-40 Grades). The total quantity awarded is 1,30,000 Metric Tonnes (MT). The estimated value of the contract is ₹477.50 crores (approx.).
Locations and Execution Period
The supply is to be executed at the Mumbai and Mangalore locations. The time period for the execution of the contract is from May 25, 2026, to May 24, 2027.
Parties Involved and Rationale
The entity awarding the order is Hindustan Petroleum Corporation Limited (HPCL), a leading Indian Public Sector Undertaking (PSU). The company states this achievement underlines its growing presence and reliability in the bitumen supply chain and strengthens its long-standing relationship with HPCL.
Regulatory References and Additional Disclosures
The disclosure is made in accordance with:
- Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015.
- SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
As per the annexed details (Annexure A):
- The order was awarded by a domestic entity.
- The nature of the contract is on a contractual basis.
- The broad consideration is a commercially viable offer.
- The promoter/promoter group/group companies have no interest in HPCL.
- The order does not constitute a related party transaction.
The supplies will be executed in accordance with the terms and conditions of the respective tenders.