Support and Resistance Levels
Past performance
About Agarwal Industrial Corporation Ltd Agarwal Industrial Corporation Limited, originally established as Bombay Baroda Roadways (India) Limited in 1995, rebranded in 2008 and operates in the ancillary infrastructure sector. The company specializes in manufacturing and trading bitumen and allied products, logistics for bitumen and LPG, and energy generation through wind mills. It expanded its operations with a new plant in Hyderabad in 2012-13 and established bulk bitumen storage facilities at Haldia, Dighi Port, and Mangalore Port between 2016 and 2021.
Significant corporate developments include the merger with Agarwal Petrochem Private Limited in 2016, leading to the listing of equity shares on BSE and NSE, and the acquisition of Agarwal Translink Private Limited in 2021, making it a wholly-owned subsidiary. Additionally, the company expanded internationally with its subsidiary, AICL OVERSEAS FZ-LLC, in the UAE, acquiring the vessel 'Bitumen Princess' for ocean-related activities. These strategic expansions and integrations have strengthened its position in the bitumen supply chain and logistics sector.