Agarwal Industrial Corporation climbs on inking supply agreement with HPCL
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Agarwal Industrial Corporation is currently trading at Rs. 1216.05, up by 32.05 points or 2.71% from its previous closing of Rs. 1184.00 on the BSE.
The scrip opened at Rs. 1229.95 and has touched a high and low of Rs. 1237.00 and Rs. 1182.00 respectively. So far 8569 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1339.00 on 26-Aug-2024 and a 52 week low of Rs. 770.95 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1237.00 and Rs. 1072.45 respectively. The current market cap of the company is Rs. 1826.65 crore.
The promoters holding in the company stood at 57.20%, while Institutions and Non-Institutions held 5.90% and 36.91% respectively.
Agarwal Industrial Corporation has entered into supply agreement with Hindustan Petroleum Corporation (HPCL). The agreement is for the supply of Bulk Bitumen - VG30 & VG40 conforming to IS 73-2013, from the company’s Taloja Unit as per the requirement of HPCL.
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. The total tender value is around Rs 225 crore.
Agarwal Industrial Corporation is principally engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), Logistics of Bitumen and Liquefied Petroleum Gas (LPG) and energy generation through Wind Mills.
