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Petrochemical stock jumps 5% after it receives supply orders from BPCL and IOCL 

Petrochemical stock secured ₹76.50 crore bitumen supply orders from BPCL and IOCL, boosting market presence and showcasing operational efficiency in catering to high-demand public sector requirements.
Petrochemical stock wins ₹76.50cr bitumen orders, enhancing market presence and operational efficiency in public sector supply.
Petrochemical stock wins ₹76.50cr bitumen orders, enhancing market presence and operational efficiency in public sector supply.

Introduction:

Petrochemical stock secured bulk bitumen supply tenders from BPCL and IOCL, totaling 18,000 MTs worth ₹76.50 crore. This milestone strengthens its market presence and highlights operational efficiency in serving major public sector undertakings in the oil and bitumen industry.

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Share Price movement of Agarwal Industrial Corporation Ltd:

On November 27, 2024, Agarwal Industrial Corporation Limited (NSE: AGARIND) opened at ₹1,057.55 and reached a high of ₹1,109.95 from a previous close of ₹1,047.10. The stock is trading at ₹1,078.95, reflecting a 3.04% rise, with a market capitalization of ₹1,613.87 crore.

Agarwal Industrial Corporation Ltd  share price rise after it receives new orders:

Agarwal Industrial Corporation Limited (AICL) has announced securing bulk bitumen supply tenders from Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL). These contracts include a combined supply of 18,000 MTs, valued at approximately ₹76.50 crore, reinforcing AICL’s market presence.

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The BPCL tender involves supplying 12,500 MTs of VG 30 grade bitumen worth ₹55 crore, while the IOCL tender includes 5,500 MTs of VG 30 and VG 40 grades valued at ₹21.50 crore. Deliveries will be made in compliance with tender terms, reflecting AICL’s operational efficiency.

This achievement is expected to significantly boost AICL’s revenue and profitability, enhancing shareholder value. The company sees this as a testament to its robust capabilities in meeting high-demand supply requirements for leading public sector undertakings in the oil and bitumen industry.

Also Read: Stock under ₹10 jumps 7% after it receives order for 12,000 MT of Indian long grain parboiled rice

Recent news About Agarwal Industrial Corporation Ltd:

On November 19, 2024, Agarwal Industrial Corporation Ltd announced a conference call with analysts and investors at 4:00 PM to discuss its unaudited financial results for the quarter and half-year ending September 30, 2024.

Ace investor holding of Agarwal Industrial Corporation Ltd:

Ashish Kacholia holds 597,977 shares in Agarwal Industrial Corporation Ltd, valued at ₹64.5 crore, representing a 4.00% stake in the company as of September 2024. This investment highlights his interest in the petrochemical and bitumen supply sector.

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

Talbros Automotive Components Ltd delivered a 2.48% return over the past week, reflecting steady investor interest. Over six months, the stock gained 19.4%, while the one-year return stood at 11.8%, showcasing consistent performance and growth in a competitive market.

Also Read: Ashish Kacholia stock hits 5% upper circuit after it signs agreement with MasterCard

Shareholding pattern of Agarwal Industrial Corporation Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters57.257.257.2
FII5.515.976.32
DII0.380.480.17
Retail & others36.9136.3536.32
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About Agarwal Industrial Corporation Ltd:

Agarwal Industrial Corporation Ltd is a leading player in the petrochemical sector, specializing in manufacturing and trading bitumen, bituminous products, and industrial oils. The company also focuses on infrastructure development and transportation, leveraging innovative technologies to cater to diverse market needs domestically and internationally.

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.

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