Kotyark Industries Secures ₹173.45 Crore Biodiesel Allocation from Major Oil Marketing Companies
Kotyark Industries Limited, a biodiesel manufacturing company, has secured a total allocation of ₹173.45 Crore for diesel supplies in Gujarat. The contract procurement comes from major Oil Marketing Companies (OMCs), including Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Corp. Ltd. (BPCL), and Hindustan Petroleum Corp. Ltd. (HPCL).The allocation, finalized through an OMC tender, covers supplies required in Gujarat spanning the period of June to August 2026. The operational contract specifies a 92-day execution period from the date of Contract Award, subject to requisite Indents or Supply Orders and applicable terms.
Strengthening Participation in Biofuel Ecosystem
Gaurang Rameshchandra Shah, Chairman and Managing Director of Kotyark Industries Limited, commented on the achievement, stating that the ₹173.45 Crore allocation represents a significant milestone for the company. He highlighted that the contract strengthens Kotyark’s participation within the OMC supply ecosystem, providing an opportunity to demonstrate its manufacturing capabilities and commitment to reliable, quality-driven supply.
Mr. Shah noted that India's ongoing transition towards cleaner fuels and the increasing focus on biofuels present substantial opportunities for the biodiesel industry. With expanded manufacturing capacity and a flexible multi-feedstock platform, Kotyark is well-positioned to meet the demands of OMCs, industrial customers, and bulk buyers. The company remains focused on improving capacity utilization while maintaining operational efficiency.
Company Overview and Capabilities
Incorporated in 2016, Kotyark Industries Limited specializes in manufacturing biodiesel and value-added by-products. The company has transitioned from a biodiesel trading business to an integrated and scalable manufacturing platform, emphasizing renewable energy and process efficiency.
Kotyark operates an integrated, multi-feedstock manufacturing platform across its facilities in Rajasthan and Gujarat. This capability allows the company to process approximately 10 to 15 different raw materials, depending on availability, pricing, and procurement economics. Feedstocks include Used Cooking Oil (UCO), acid oils, and non-edible oils.
The company serves three primary customer segments: OMCs, industrial customers, and bulk buyers. Kotyark’s business model aligns with India's shift towards a circular economy by utilizing waste-based feedstocks such as UCO and non-edible oils in its renewable energy proposition.
KOTYARK Stock Price Movement
Today, shares of Kotyark Industries Limited edged higher to settle at ₹42.50 after gaining 0.31% in post-market trading. The equity saw a total traded volume of 426,898 shares.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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