Archive · 17 Sep 2025
Agarwal Industrial Corporation Stock Jumps on IOCL Order
Imagine a company called Agarwal Industrial Corporation that makes a special black liquid called bitumen, used for roads.
They just got a big order from Indian Oil Corporation (IOCL), like a huge shopping list!
This order is worth about ₹330 crore.
It involves supplying a lot of bitumen to a location called Kakinada.
This news made the company's stock price go up by 5%.
The company also makes other things and is expanding its business.
The company's profit was down in the last quarter.
Agarwal Industrial Corporation won a tender from IOCL to supply bulk bitumen.
The order is valued at approximately ₹330.05 crore.
The order includes a confirmed and an optional quantity of bitumen.
The stock price of Agarwal Industrial Corporation rose by 5% on Monday.
The company is mainly engaged in bitumen production and related products.
- Who
- Agarwal Industrial Corporation won the tender.
- What
- Agarwal Industrial Corporation secured a tender from IOCL for bulk bitumen supply.
- When
- The announcement was made during market hours.
- Where
- The bitumen will be supplied to Kakinada locations.
- Why
- The order win reinforces the company's role in the bitumen supply chain.
- Company
- Agarwal Industrial Corporation
- Order Recipient
- Indian Oil Corporation (IOCL)
- Order Value
- ₹330.05 crore
- Product
- Bulk Bitumen (VG-30 and VG-40)
- Order Quantity
- 93,500 MT (potential)
- Stock Performance
- Up 5% on Monday