Subsidiary of Rajputana Biodiesel Limited Secures LOI from BPCL for Biodiesel Supply
Rajputana Biodiesel Limited has seen success in the ongoing procurement process, as its subsidiary, Nirvaanraj Energy Private Limited, received a Letter of Intent (LOI) from Bharat Petroleum Corporation Limited (BPCL). The contract pertains to the supply of biodiesel and amounts to an estimated Rs. 11.83 Crores (inclusive of GST), scheduled for delivery between June 2026 and August 2026.The order was secured through a tender initiated by OMCs, which included Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL). The specific tendering event, identified as EOI no OMC/EOI/BD/JUN26 (CYCLE1) Tender ID 2026_MKTHO_190226_1, was conducted on June 15, 2026.
Nirvaanraj Energy Private Limited secured the LOI from BPCL, dated July 27, 2026. The contract specifies the supply of 1271 KL of Biodiesel at Bijwasan, Delhi.
Rajputana Biodiesel Limited stated that while this specific order was awarded to its subsidiary, Letters of Intent for remaining bid volumes are expected shortly in favor of both Rajputana Biodiesel Limited and Nirvaanraj Energy Private Limited.
The details pertaining to the secured contract with BPCL are summarized below:
| Entity Awarding Order | Nature of Contract | Time Period | Quantity & Value |
|---|---|---|---|
| Bharat Petroleum Corporation Limited (BPCL) | Supply of Biodiesel | June 2026 to August 2026 | 1271 KL at an estimated value of Rs. 11.83 Crores (inclusive of GST) |
The contract involves a Domestic Entity purchasing from the company, and there is no indication that the order would fall under related party transactions or that the promoter group has any interest in the awarding entity.
RAJPUTANA Stock Price Movement
Rajputana Biodiesel Limited shed value on Tuesday, sinking by 1.91% to settle at ₹195.20 following market activity. The stock traded within a range culminating in a day low of ₹195.20 and recorded total volume of 5,000 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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