

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender
Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Odisha to Get New Major Port at Bahuda with Rs 215 Billion Investment
In a major boost to India’s maritime infrastructure, Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation Ltd, and the Odisha government will jointly develop a new major port at Bahuda in Odisha’s Ganjam district, with an estimated investment of Rs 215 billion. Once operational, the port will become the 14th major port owned by the Union government.The proposed Bahuda port will accommodate dry bulk ships ranging from 40,000 to 150,000 deadweight tonnes and container vessels capable of carrying up to 6,000 TEUs. The project follows a Pre-Techno Economic Feasib..

IOC to Buy 10 Medium-Range Oil Tankers from Indian JV
Indian Oil Corporation (IOC) is expected to place an order for at least 10 medium-range oil tankers from a joint venture led by the Shipping Corporation of India (SCI), with the vessels to be constructed at an Indian shipyard, sources said.As the world’s third-largest oil importer and consumer, India relies heavily on hired vessels to transport energy supplies. The government has been keen to secure energy supply lines, prompting IOC and other state-owned oil firms to explore building ships domestically, which would also generate employment.Earlier proposals to establish a shipping company i..