Kotyark Industries Secures ₹173.45 Crore Biodiesel Supply Contract from OMCs
Kotyark Industries Limited received an Award of Contract (AOC) from Indian Oil Corporation Limited for biodiesel supply. The total allocation secured is ₹173.45 Crore against a total contract value of ₹1,397.72 Crore. The supply period is from June 2026 to August 2026.
Securing a contract worth ₹173.45 Crore from major Oil Marketing Companies represents a substantial business win for Kotyark Industries, likely to have a significant impact on its financial performance.
The company has been awarded a significant contract for biodiesel supply, which is expected to boost its revenue and market presence.
Kotyark Industries Limited has announced the receipt of an Award of Contract (AOC) from Indian Oil Corporation Limited (IOCL) via its e-procurement portal, concerning Tender ID: 2026_MKTHO_190226_1. This award is in respect of a tender floated by Oil Marketing Companies (OMCs) – Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) – for the supply of biodiesel.
The company has secured a total allocation of ₹173.45 Crore against the total contract value of ₹1,397.72 Crore. This allocation includes orders from IOCL, BPCL, and HPCL. Approximately ₹15.41 Crore of this total allocation pertains to earlier intimated Letters of Intent (LOIs) received from BPCL and HPCL on August 5, 2026.
The supply period for this contract is from June 2026 to August 2026. The company will receive the respective LOIs and Purchase Orders (POs) in due course. The execution of the supply contract is contingent upon receiving the requisite Indent/Supply Order from the respective OMCs within the stipulated time and adherence to the terms and conditions outlined in the LOIs, POs, and tender documents. The supply location is specified as Gujarat, and the contract is to be executed within 92 days from the date of the Award of Contract.
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Kotyark Industries Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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