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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 company also provides bulk bitumen and LPG transportation through its fleet of specialized tankers and generates renewable energy through wind power projects.
On a consolidated basis, Agarwal Industrial Corporation's net profit declined 48.43% to Rs 15.75 crore while net sales declined 50.77% to Rs 405.38 crore in Q4 March 2026 over Q4 March 2025.
Ravindra Energy Ltd, Physicswallah Ltd, Kwality Walls India Ltd and MSTC Ltd are among the other gainers in the BSE's 'B' group today, 04 June 2026.
Agarwal Industrial Corporation Ltd surged 19.99% to Rs 503.55 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 3676 shares in the past one month.
Ravindra Energy Ltd spiked 17.83% to Rs 145.4. The stock was the second biggest gainer in 'B' group. On the BSE, 5.44 lakh shares were traded on the counter so far as against the average daily volumes of 21727 shares in the past one month.
Physicswallah Ltd soared 15.80% to Rs 106.65. The stock was the third biggest gainer in 'B' group. On the BSE, 24.18 lakh shares were traded on the counter so far as against the average daily volumes of 3.82 lakh shares in the past one month.
Kwality Walls India Ltd rose 14.80% to Rs 35.13. The stock was the fourth biggest gainer in 'B' group. On the BSE, 53.07 lakh shares were traded on the counter so far as against the average daily volumes of 10.46 lakh shares in the past one month.
MSTC Ltd advanced 14.17% to Rs 510.5. The stock was the fifth biggest gainer in 'B' group. On the BSE, 3.95 lakh shares were traded on the counter so far as against the average daily volumes of 9365 shares in the past one month.
For the full year,net profit declined 62.34% to Rs 43.57 crore in the year ended March 2026 as against Rs 115.69 crore during the previous year ended March 2025. Sales declined 31.13% to Rs 1652.23 crore in the year ended March 2026 as against Rs 2398.93 crore during the previous year ended March 2025.
The estimated contract value includes firm orders of approximately Rs 166.68 crore for Kakinada and Rs 51.91 crore for Mangalore. The project is scheduled to be executed over a one-year period from January 23, 2026, to January 22, 2027.
Agarwal Industrial Corporation is primarily engaged in the manufacturing of bitumen and bitumen products. It also transports liquefied petroleum gas (LPG) and bituminous product. The company also forayed into the ship operating and chartering business through its subsidiary in the UAE.
The company reported a 35% fall in consolidated net profit to Rs 11.99 crore on a 24.8% fall in revenue to Rs 244.80 crore in Q2 FY26 over Q2 FY25.
Under this tender, the Company has been awarded the supply of Bulk Bitumen (VG-30 & VG 40 Grades) to Kakinada and Mangalore locations, comprising:
„h - Firm Quantity for Kakinada: 32,000 MT „h - Firm Quantity for Mangalore: 10,800 MT
This aggregates to a total of approximately 42,800 MT, with an estimated value of:
„h - Firm Orders for Kakinada: Rs 166.68 crore (approx.) „h - Firm Orders for Mangalore: Rs 51.91 crore (approx.)