05-Aug-2026      15:30

Kotyark Industries secures Rs 15.41 crore biodiesel supply orders from BPCL and HPCL

Kotyark Industries Limited has received Letters of Intent (LOIs) from Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) for the supply of biodiesel, marking a key business development. BPCL awarded a LOI for 1,287 KL of biodiesel with a total deliverable cost of approximately Rs 11.93 Crores, while HPCL awarded a LOI for 375 KL with a total deliverable cost of approximately Rs 3.48 Crores. These orders, received on August 4 and 5, 2026, respectively, cover the supply period from June 2026 to August 2026, bringing the aggregate total quantity to 1,662 KL and a total deliverable value of approximately Rs 15.41 Crores. The direct issuance of LOIs by the Oil Marketing Companies (OMCs) reflects a streamlined tender process.

News source: Capital Market - Live News