Enclosed herewith Disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015 relating to Company entered into a Tolling Agreement with M/s. IndianOil Total Private Limited
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Sanmit Infra Ltd has signed a Tolling Agreement with IndianOil Total Private Limited (ITPL) on June 30, 2025. ITPL is a 50:50 joint venture between Indian Oil Corporation (a leading Indian PSU refiner) and TotalEnergies (a global energy major headquartered in France). Under the deal, Sanmit Infra will handle specialized manufacturing, quality control, and supply chain support for Bituminous Emulsions and Bituminous Ready Mix Products, which are widely used in road construction. The agreement is not a related party transaction and no shareholding is involved between the two companies. No specific monetary value or revenue commitment has been disclosed — the size depends on the quantity of work ordered. The company describes this as a major milestone that boosts its credibility and opens doors to larger infrastructure projects.
This partnership with a high-profile PSU-foreign JV could translate into higher order volumes and improved business visibility for Sanmit Infra in the road infrastructure space, though the absence of disclosed contract value makes it hard to quantify the revenue impact in the near term.