Kotyark Industries has received an Award of Contract from Indian Oil Corporation (IOCL) e-procurement portal for supply of biodiesel, with total allocation across three Oil Marketing Companies (OMCs) amounting Rs 173.45 crore against the total contract value of Rs 1,397.72 crore. These OMCs are Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL).
This contract also includes Letters of Intent worth around Rs 15.41 crore received by the company on August 05, 2026 from BPCL and HPCL for supply of 1,662 KL. The contract pertains to the supply period from June 2026 to August 2026.
Earlier, the company had participated in tender floated by these OMCs for supply of biodiesel pursuant to the Joint Expression of Interest (EOI) on an industry basis.
Kotyark Industries is primarily engaged in the manufacturing of Bio Fuel which is an alternative source of energy and has the ability to replace and a good substitutes of traditional fossil fuels like coal, firewood, lignite, etc.
| Company Name | CMP |
|---|---|
| Venkys (India) | 1532.20 |
| Mangalam Global Ent. | 14.60 |
| Kaveri Seed | 798.45 |
| Regaal Resources | 85.02 |
| Simran Farms | 160.10 |
| View more.. | |
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