East India Drums wins USD 6.16m (INR 590m) HPCL bitumen drum order
East India Drums & Barrels Manufacturing has secured a two-year contract from Hindustan Petroleum Corporation to supply IS 3575 bitumen drums, valued at USD 6.16m (INR 590,246,487.92). The order was placed through India's Government e-Marketplace and disclosed under Regulation 30 on 19 September 2026, with delivery beginning immediately under the purchase-order terms.
Why this mattersA specification-linked drum order gives a steel packaging maker two years of demand visibility, though margin depends on delivery cadence and steel input costs.
- Contract value is USD 6.16m (INR 590,246,487.92, about INR 59.02 crore).
- The customer is Hindustan Petroleum Corporation, a central public-sector undertaking.
- The product is Bitumen Drum-IS3575 (Q3), an industrial steel drum specification.
- The execution period is two years, beginning immediately under the purchase-order terms.
- The order was placed through India's Government e-Marketplace.
- The disclosure was filed under Regulation 30 and disseminated by BSE on 19 September 2026.