AGARWAL INDUSTRIAL CORPORATION LIMITED ("the Company" or "the Seller") has entered into Supply Agreement for Bulk Bitumen -VG30 & VG40, with Hindustan Petroleum Corporation Limited (a government of India Enterprise) ("HPCL" or "the Buyer") for the supply of Bulk Bitumen - VG30 & VG40 conforming to IS 73-2013, from Companies Taloja Unit as per the requirement of HPCL.
The said agreement is not with a related party and has been entered into at arm's length basis.
Key highlights of the Project are as under:
Tenure of the Agreement - The initial order period for the agreement is for one year and which may be extendable for a further period of 1 year at the discretion of HPCL.
Quantity of Bitumen to be supplied - VG 30 - 49000 MT. & VG 40 - 9000 MT
Total Deliverable Value - Approx. Rs.255.00 Crores as per the terms & Conditions of the Tender.
Shares of Agarwal Industrial Corporation Limited was last trading in BSE at Rs. 1184.00 as compared to the previous close of Rs. 1188.80. The total number of shares traded during the day was 2225 in over 390 trades.
The stock hit an intraday high of Rs. 1197.10 and intraday low of 1166.55. The net turnover during the day was Rs. 2639710.00. |
