Rajputana Biodiesel Secures Letter of Intent from IOCL for Biodiesel Supply Deal
Rajputana Biodiesel Limited has received a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) for the supply of biodiesel, securing an estimated order value of ₹ 8.90 Crores. This contract covers the provision of biofuel at Bharatpur, Rajasthan, spanning the period from June 2026 to August 2026.The LOI, dated July 24, 2026, is for the supply of 954 KL of biodiesel under a tender process initiated by OMCs (Oil Marketing Companies), including IOCL, Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL).
This material contract details are as follows:
| Entity Awarding Order | Product Nature | Delivery Period | Quantity & Value |
|---|---|---|---|
| Indian Oil Corporation Limited (IOCL) | Biodiesel Supply | June 2026 to August 2026 | 954 KL, estimated value of ₹ 8.90 Crores (including GST) |
The deal was awarded by a domestic entity and is structured as an order for the supply of biodiesel. The company confirmed that neither it nor its promoter group has any interest in IOCL regarding this specific contract.
Looking ahead, Rajputana Biodiesel Limited expects Letters of Intent for the remaining bid volumes to be issued shortly. These future contracts are expected to be awarded in favor of both Rajputana Biodiesel Limited and Nirvaanraj Energy Private Limited, a subsidiary of the company.
RAJPUTANA Stock Price Movement
Shares of Rajputana Biodiesel Limited slipped by 0.23% on Monday, settling at ₹199 as the equity closed. The stock saw a trading volume of 1,500 shares during the day's session.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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