Rajputana Biodiesel Receives LOI from IOCL for Biodiversity Supply of biodiesel
Rajputana Biodiesel Limited has secured a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) concerning the supply of biodiesel. The order covers a period spanning June 2026 to August 2026, with the initial reported volume and value detailed in the LOI received on July 22, 2026.The tender was issued by IOCL via EOI no OMC/EOI/BD/JUN26 (CYCLE1) Tender ID 2026_MKTHO_190226_1, dated June 15, 2026, for the supply of Biodiesel to OMCs including HPCL and BPCL.
Rajputana Biodiesel Limited received this specific LOI from IOCL for a total aggregate of 900 KL at its Panipat, Haryana facility. The estimated order value associated with this contract is Rs. 8.37 Crores (approx.).
In addition to the confirmed contract, the company indicated that Letters of Intent for remaining bid volumes are expected shortly in favor of Rajputana Biodiesel Limited and Nirvaanraj Energy Private Limited, a subsidiary of the company.
The details of the awarded order from IOCL are summarized below:
| Detail | Information |
|---|---|
| Awarding Entity | Indian Oil Corporation Limited (IOCL) |
| Nature of Contract | Order for Supply of Biodiesel |
| Time Period | June 2026 to August 2026 |
| Quantity and Value | 900 KL with estimated order value of Rs. 8.37 Crores (approx.) |
| Domestic/International | Domestic Entity |
The company confirmed that the contract does not involve any interest from the promoter or promoter group companies, nor would it fall under related party transactions.
RAJPUTANA Stock Price Movement
Rajputana Biodiesel Limited shares shed value on Wednesday, slipping by 5.29% to settle at ₹178.80 in trading. The stock's decline was significant, with the equity movement occurring amid 61,000 traded shares as the price approached its 52-week low of ₹169.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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