Petrochemical stock jumps 3% after it receives order worth ₹303 Cr from BPCLPetrochemical stock jumps 3% after it receives order worth ₹303 Cr from BPCL

Introduction:

Leading petrochemical company has signed a supply agreement with a government enterprise for bulk bitumen worth ₹303 crore. The deal includes VG30 and VG40 grades, ensuring high-quality supply from multiple units to meet industry demands efficiently.

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Share price movement of Agarwal Industrial Corporation:

On February 21, 2025, Agarwal Industrial Corporation Ltd opened at ₹991.80 up 3.87% from its previous close of ₹954.00. The stock reached a high of ₹991.80 and a low of ₹938.50. By 3:13 PM, it traded at ₹945.90, with a market cap of ₹1,414.86 crore.

Agarwal Industrial Secures ₹303 Cr Deal:

Agarwal Industrial Corporation Ltd. has signed a supply agreement with Bharat Petroleum Corporation Ltd. (BPCL) for Bulk Bitumen VG30 and VG40. The contract, valued at approximately ₹303 crore, involves supply from the company’s Haldia, Karwar, Mangalore, and Taloja units.

The agreement spans an initial period of one year, with a possible one-year extension at BPCL’s discretion. Under this deal, Agarwal Industrial Corporation will supply around 45,000 MT of VG30 and 30,000 MT of VG40 bitumen, conforming to IS 73-2013 standards.

This agreement was finalized at arm’s length and does not involve any related parties. The partnership strengthens Agarwal Industrial Corporation’s position in the bitumen supply market while ensuring BPCL receives high-quality bitumen for infrastructure development projects across India.

Recent news on Agarwal Industrial Corporation:

As of February 14, 2025, Agarwal Industrial Corporation Ltd. reported a 0.25% rise in net profit to ₹27.70 crore for Q3 FY25, while sales increased 11.05% year-on-year to ₹542.11 crore, reflecting steady business growth.

Ace investor holding in Agarwal Industrial Corporation:

Ashish Kacholia

Ace investor Ashish Kacholia holds a 4.00% stake in Agarwal Industrial Corporation Ltd. with 597,977 shares, valued at ₹56.6 crore. His investment highlights confidence in the company’s growth potential and strong presence in the petrochemical and bitumen sector.

Stock performance of Agarwal Industrial Corporation for Period of 1 week, 6 months and 1 year:

Agarwal Industrial Corporation Ltd showed a marginal 0.99% gain over the past week. However, the stock declined 25.6% in six months and 4.33% over the year, reflecting market volatility despite stable business operations and strategic growth initiatives.

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Shareholding pattern of Agarwal Industrial Corporation:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	57.20%	57.20%	57.20%
FII	6.30%	5.50%	6.00%
DII	0.40%	0.40%	0.50%
Public	36.20%	36.90%	36.40%

About Agarwal Industrial Corporation:

Agarwal Industrial Corporation Ltd (NSE: AGARIND) specializes in manufacturing and trading petrochemicals, including bitumen and bituminous products. It also operates in bitumen and LPG logistics while generating energy through wind mills, ensuring a diversified and sustainable business approach.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.