SK Minerals and Additives Ltd receives LOA from BPCL

SK Minerals and Additives Limited ("the Company") has received a Letter of Acceptance ("LOA") from Bharat Petroleum Corporation Limited (BPCL), a Government of India Enterprise, for the supply of materials to BPCL's manufacturing facilities located at Tondiarpet (Chennai), Loni (U.P.), Hazira (Surat), and Budge Budge (Kolkata), pursuant to an order placed by BPCL.

The order, issued through a domestic competitive bidding process under CRFQ No. 1000439950 / GeM Tender No. GEM/2025/B/6552692, is valued at approximately ₹56.71 crore (exclusive of taxes).

This order marks an important milestone for SK Minerals & Additives Limited, reflecting its growing credibility and operational capabilities in serving large-scale industrial clients.

As per the order, SK Minerals & Additives Limited will supply technical grade urea to BPCL's four manufacturing plants located at Tondiarpet in Tamil Nadu, Loni in Uttar Pradesh, Hazira near Surat in Gujarat, and Budge Budge near Kolkata in West Bengal, over a period of one year.

Commenting on the development, Mr. Mohit Jindal, Chairman & Managing Director, SK Minerals & Additives Limited, said, "We are delighted to partner with one of India's most respected oil companies for this strategic supply engagement. This significant order not only validates our product quality and delivery reliability but also strengthens our position in the technical grade urea supply segment. We remain committed to meeting the highest standards of service as we expand our presence across the country."

SK Minerals & Additives Limited recently made an impressive debut on BSE SME platform on October 17, 2025, raising ₹41.15 crore through its initial public offering. The company's shares were listed at a premium of 14.17%, opening at ₹145/- per share, against the fixed price band of ₹127/- per share. Indicating continued investor confidence, the stock is currently trading at ₹176.15/- as of market close on Thursday, October 23, 2025.

The Khanna, Punjab-headquartered company is engaged in the business of manufacturing and trading of specialty chemicals, with a primary focus on food and feed additives. Its product portfolio comprises a wide range of ingredients and additives, including chelated minerals such as Glycinates and EDTAs (Ethylenediaminetetraacetic Acid) in variants of Zinc, Copper, and Magnesium; essential Mineral Mixtures; Calcium Propionate; Ferric Pyrophosphate; Technical Grade Urea; Virgin Base Oil; Magnesium Oxide; By-Pass Fat and other allied specialty chemicals. These products serve critical functions in various applications, particularly in the food and bakery, animal feed, petroleum, plywood, and other allied industries.

Shares of SK Minerals and Additives Limited was last trading in BSE at Rs. 184.95 as compared to the previous close of Rs. 176.15. The total number of shares traded during the day was 170000 in over 125 trades.

The stock hit an intraday high of Rs. 184.95 and intraday low of 178.00. The net turnover during the day was Rs. 31193200.00.

Source : Equity Bulls

Keywords

SKMineralsandAdditives INE13YH01017 SpecialtyChemicals LOA BPCL