Kotyark Industries Secures Biodiesel Allocation Worth Rs 1,734.5 mn
ECONOMY & POLICY

Kotyark Industries Secures Biodiesel Allocation Worth Rs 1,734.5 mn

Kotyark Industries Limited has received an award of contract via the Indian Oil Corporation Limited e-procurement portal on August 10, 2026 for Tender ID 2026_MKTHO_190226_1 under Joint Expression of Interest OMC/EOI/BD/JUN26 (Cycle1) for supply of biodiesel for June to August 2026. The company participated in the joint tender floated by the Oil Marketing Companies (OMCs) Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).

Pursuant to the tender the company received a total allocation valued at Rs 1,734.5 mn against a contract value of Rs 13,977.2 mn. The allocation comprises awards from IOCL, BPCL and HPCL and includes earlier letters of intent with an aggregate value of about Rs 154.1 mn. The earlier LOIs were notified on August five, 2026 and relate to the same supply window.

The company will receive the respective letters of intent and purchase orders in due course and will undertake supply subject to receipt of the requisite indent or supply order within the stipulated period and in accordance with the terms of the LOIs and tender documents. The orders are to be executed within 92 days from the date of award and the location of supply is Gujarat. There are no promoter or promoter group interests in the awarding entity and the orders do not constitute related party transactions.

Under the current tender cycle the OMCs initially issued LOIs directly and subsequently provided a consolidated allocation sheet setting out contract values and allocations. Kotyark Industries will proceed with compliance and operational arrangements required to fulfil the award.

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and related SEBI master circular provisions and the company requested that the exchanges take the information on record. The communication was signed by the company secretary and compliance officer on behalf of Kotyark Industries Limited and the company will progress the matter in line with regulatory and contractual timelines.

Kotyark Industries Limited has received an award of contract via the Indian Oil Corporation Limited e-procurement portal on August 10, 2026 for Tender ID 2026_MKTHO_190226_1 under Joint Expression of Interest OMC/EOI/BD/JUN26 (Cycle1) for supply of biodiesel for June to August 2026. The company participated in the joint tender floated by the Oil Marketing Companies (OMCs) Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL). Pursuant to the tender the company received a total allocation valued at Rs 1,734.5 mn against a contract value of Rs 13,977.2 mn. The allocation comprises awards from IOCL, BPCL and HPCL and includes earlier letters of intent with an aggregate value of about Rs 154.1 mn. The earlier LOIs were notified on August five, 2026 and relate to the same supply window. The company will receive the respective letters of intent and purchase orders in due course and will undertake supply subject to receipt of the requisite indent or supply order within the stipulated period and in accordance with the terms of the LOIs and tender documents. The orders are to be executed within 92 days from the date of award and the location of supply is Gujarat. There are no promoter or promoter group interests in the awarding entity and the orders do not constitute related party transactions. Under the current tender cycle the OMCs initially issued LOIs directly and subsequently provided a consolidated allocation sheet setting out contract values and allocations. Kotyark Industries will proceed with compliance and operational arrangements required to fulfil the award. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and related SEBI master circular provisions and the company requested that the exchanges take the information on record. The communication was signed by the company secretary and compliance officer on behalf of Kotyark Industries Limited and the company will progress the matter in line with regulatory and contractual timelines.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Innovision Wins NHAI Toll Collection Contract at Aashpur Fee Plaza

Innovision Limited has informed stock exchanges that it has been awarded a user fee collection and facility maintenance contract by the National Highways Authority of India (NHAI). The letter of award was issued on 10 August 2026 for operations at Aashpur Fee Plaza at design kilometre 231.100 on National Highway number 91 between Aligarh and Kanpur in Uttar Pradesh. The engagement covers collection of user fees for four and more lane sections and the upkeep and maintenance of adjacent toilet blocks including replenishment of consumable items. The contract was secured through a competitive e-te..

Next Story
Infrastructure Urban

Bharat Electronics Secures Rs.5,410 mn In Orders

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs.5,410 million (mn) since the last disclosure on 31 July 2026. The fresh awards raise the company's recently reported intake and were announced by way of a regulatory filing on 10 August 2026. The orders span multiple business verticals and are incremental to contracts already under execution. The update follows the company's routine disclosure obligations to the stock exchanges. Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical B..

Next Story
Infrastructure Urban

United Drilling Tools Receives US Order For Gas Lift Mandrel

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity. The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement