Kotyark Industries Secures Allocation of ₹173.45 Crore for Biodiesel Supply from OMCs
Kotyark Industries Limited has received an Award of Contract (AOC) related to the supply of biodiesel, securing a total allocation value of ₹173.45 Crore against a massive contract value of ₹1,397.72 Crore. The contract is associated with a tender floated by Oil Marketing Companies (OMCs), including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).The allocation for the supply of biodiesel pertains to the period from June 2026 to August 2026. The company participated in the joint Expression of Interest (EOI) process initiated by these OMCs through Tender ID: 2026\_MKTHO\_190226\_1.
In addition to the current tender cycle awards, Kotyark Industries has also secured an award value totaling approximately ₹15.41 Crore from prior Letters of Intent (LOIs) received from BPCL and HPCL for the same supply period, June 2026 to August 2026.
The OMCs issued consolidated allocation sheets detailing the contract awards, following initial LOI issuance during this tender cycle. The company is expected to receive the respective Purchase Orders (POs) and Letters of Intent (LOIs) from the awarding entities in due course. The final supply will be executed according to the terms outlined in the associated documents.
The details of the primary award allocation are summarized below:
| Parameter | Details |
|---|---|
| Total Allocation Value | ₹173.45 Crore |
| Total Contract Value | ₹1,397.72 Crore |
| Nature of Order | Supply of Biodiesel |
| Awarding Entity | Indian Oil Corporation eProcurement Portal |
| Supply Period | June 2026 to August 2026 |
| Execution Timeline | 92 days from the date of Award of Contract |
KOTYARK Stock Price Movement
Today, shares of Kotyark Industries Limited gained strongly in post-market trading, closing at ₹41.79 after edging higher by 2.56%. The stock saw considerable market activity as a total of 702,468 shares were transacted today.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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