Agarwal wins IOCL bitumen tender worth ₹330.05 crore

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹902.00

prior close

₹919.75

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+1.5% vs market

Petrochemicals peers, median of 12sector+0.0%+2.1% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.1 pts more than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Reaction day

+2.1+0.6+1.5+0.0+2.1

Next day

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UpDownMarket · Nifty Microcap 250Sector · Petrochemicals peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Agarwal Industrial Corporation has won an Indian Oil Corporation tender to supply VG-30 and VG-40 bulk bitumen in Kakinada. The firm order is about 60,500 MT across 11 parcels, valued at ₹213.56 crore. An optional 33,000 MT across 6 parcels is worth about ₹116.50 crore, taking the estimated total to ₹330.05 crore at current market prices.

Likely market impact

Positive for future sales and earnings, but the optional quantity and supply conditions mean the full ₹330.05 crore may not be realised.