Kotyark Industries Limited Secures LOIs from BPCL and HPCL for Biodiesel Supply Worth Approximately ₹15.41 Crores
Kotyark Industries Limited has secured Letters of Intent (LOIs) from Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL), marking a significant business achievement in the biodiesel sector. The contracts cover the supply of Biodiesel for a period spanning June 2026 to August 2026, with an aggregate value totaling approximately ₹15.41 Crores.The LOIs were issued following a joint expression of interest (EOI) process conducted by Oil Marketing Companies (OMCs). The company has received orders from both state-owned entities, demonstrating its established relationship and capacity within the industry.
Details regarding the Letters of Intent are as follows:
- Bharat Petroleum Corporation Limited (BPCL): Kotyark Industries Ltd received an LOI for 1,287 KL of Biodiesel with a total deliverable cost order valued at approximately ₹11.93 Crores.
- Hindustan Petroleum Corporation Limited (HPCL): The company secured an LOI for 375 KL of Bio Diesel with a corresponding total deliverable cost order of approximately ₹3.48 Crores.
The direct issuance of the LOIs by the OMCs, rather than through a separate allotment sheet, reflects a streamlined tender process and has facilitated the promptization of corresponding Purchase Orders for Kotyark Industries Limited.
A summary of the aggregate orders received from the Oil Marketing Companies (OMCs) is provided below:
| Parameter | Details |
|---|---|
| Awarding Entities | Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) |
| Order Type | Letters of Intent (LOIs) for Biodiesel Supply |
| Time Period | June 2026 to August 2026 |
| Aggregate Quantity | 1,662 KL |
| Aggregate Total Deliverable Value | Approximately ₹15.41 Crores |
The supply location specified in the LOIs is Gujarat. The company confirmed that there is no interest of its promoter group in the awarding entities, and the contracts do not fall within related party transactions.
KOTYARK Stock Price Movement
As of 2:20 PM, shares of Kotyark Industries Limited are edging higher to ₹38.46 as the equity rallies by 5.00%. The stock is demonstrating buying interest in live trading, with a total volume of 98,775 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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