Rajputana Biodiesel Secures Letters of Intent from HPCL for Biodiesel Supply Contracts
Rajputana Biodiesel Limited and its subsidiary have secured Letters of Intent (LOIs) from Hindustan Petroleum Corporation Limited (HPCL) for the supply of biodiesel. These contracts, totaling an estimated aggregate value of Rs. 6.86 Crores inclusive of GST, span a three-month period covering June 2026 to August 2026.The LOIs were issued by HPCL following a tender that was opened on June 15, 2026, under the EOI no OMC/EOI/BD/JUN26 (CYCLE1) Tender ID 2026_MKTHO_190226_1. The contracts involve both Rajputana Biodiesel Limited and its subsidiary, Nirvaanraj Energy Private Limited.
The contracts specify different delivery locations for each entity. Rajputana Biodiesel Limited is contracted to supply 370 KL of biodiesel at the Jaipur Terminal in Rajasthan. Meanwhile, the subsidiary, Nirvaanraj Energy Private Limited, has been awarded an LOI for supplying 370 KL of biodiesel at the Meerut facility in Uttar Pradesh.
The estimated order value for these assignments was confirmed as follows:
| Entity | Quantity | Delivery Location | Estimated Order Value (Inclusive of GST) |
|---|---|---|---|
| Rajputana Biodiesel Limited | 370 KL | Jaipur Terminal, Rajasthan | Rs. 3.43 Crores (approx.) |
| Nirvaanraj Energy Private Limited (Subsidiary) | 370 KL | Meerut, Uttar Pradesh | Rs. 3.43 Crores (approx.) |
The contracts are set to be executed between June 2026 and August 2026. The order is structured as a domestic transaction with HPCL.
Regarding the terms of the awarded business, company representatives confirmed that neither the promoter nor any group companies have an interest in the entity awarding the orders. Furthermore, the contracts are not classified as related party transactions.
RAJPUTANA Stock Price Movement
As of 3:10 PM, Rajputana Biodiesel Limited shares trade at ₹194, holding steady in the live market with a zero percent change. Total traded volume stands at 11,500 as the stock continues to navigate its established price range.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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