Agarwal Industrial Corporation Limited (AGARIND.BO)
Agarwal Industrial Corporation Limited operates in the Chemicals - Specialty industry of the Basic Materials sector, headquartered in Mumbai, MA, IN. The stock last traded at $483.35, down 3.21% on the session, giving a market capitalisation of $7.27B. Its beta of 0.14 implies it has historically moved less than the broad market.
Agarwal Industrial Corporation Limited (AICL) is a company primarily involved in the production and commercial distribution of petrochemicals, serving both domestic and international markets. Its operations are strategically divided into three core segments: Infrastructure Support, focusing on bitumen and related compounds; Logistics, handling transportation and supply chain; and a Renewable Energy division, operating windmills. AICL's comprehensive array of asphaltic products includes various grades of bitumen, such as viscosity and industrial types, as well as specialized formulations like crumb rubber modified bitumen. They also offer polymer-modified bitumen, incorporating advanced materials like ethylene vinyl acetate, ethylene butyl acrylate, and ethylene ter polymer. The company further provides a range of proprietary bitumen-based solutions, including bitubond, bituplast, bituminous black, bitukote, bituprimer, cable compound, and bitufelt, alongside a diverse selection of bitumen emulsions. Beyond manufacturing, AICL's activities extend to the transportation of bulk bitumen and liquefied petroleum gas, the generation of electricity through wind power, and the management of bitumen import and storage facilities. The company was founded in 1995 and was originally named Bombay Baroda Roadways (India) Limited. It rebranded to Agarwal Industrial Corporation Limited in March 2008 and maintains its headquarters in Mumbai, India.
Agarwal Industrial Corporation Limited is most often compared with the following Basic Materials names: