Agarwal Industrial Corporation Ltd (AICL) announced it had secured a ₹2.19 billion tender from Bharat Petroleum Corporation Ltd (BPCL). The order strengthens Agarwal’s presence in India’s energy infrastructure sector and enhances revenue visibility through association with a leading oil and gas major.
Agarwal Industrial Corporation Ltd has secured a major BPCL contract, winning a ₹2.19 billion tender from Bharat Petroleum Corporation Ltd on February 2, 2026. The order marks a significant milestone for the company and reinforces its growing role in India’s energy and infrastructure ecosystem.
Who won the BPCL tender?
Agarwal Industrial Corporation Ltd won a ₹2.19 billion tender awarded by Bharat Petroleum Corporation Ltd.
Tender details:
The order, valued at ₹2.19 billion, was awarded by BPCL, one of India’s largest state-owned oil refining and marketing companies.
Strategic significance:
The contract strengthens Agarwal Industrial’s order book and reinforces its position as a trusted supplier to India’s oil and gas majors, enhancing long-term business credibility.
Sector relevance:
With India’s energy consumption rising steadily, BPCL’s procurement reflects continued investments in refining, distribution, and allied infrastructure, supporting the country’s energy security goals.
Market impact:
The order win is expected to improve revenue visibility and support positive investor sentiment toward AICL, given the scale and credibility of the counterparty.
Outlook
Analysts believe the BPCL tender positions Agarwal Industrial for sustained growth in the energy infrastructure segment, aligning with the government’s broader push for infrastructure modernization and industrial expansion.
Sources: Reuters, Economic Times, Business Standard, Mint Business