Kotyark Industries Limited has been awarded the tender for supply of 7,851KL Bio Diesel out of 11,988 KL. The estimated order value for this allocation is approximately INR 638.5 million (INR 81.33 Per Litre*7851*1000) excluding GST and Transportation Charges for the period of April 2024 to September 2024. On April 04, 2024 Oil Marketing Companies (OMCs) comprising Indian Oil Corporation Limited (IOC), Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL)] has initiated a tender vide joint EOI no.

OMC/EOI/NUCO/BD/APR24 (CYCLE3) Tender ID - 2024_MKTHO_176473_1 dated 4th Apr'24 for procurement of Biodiesel for total quantity bidding of 3,71,424 KL covering the period from April 2024 to September 2024. The company shall receive the Letter of Intent (LOI) and Purchase Order (PO) in due course. The supply of bio diesel is subject to the company receiving Indent (Supply order) within the reasonable time period before expiry date mentioned in respective PO.

Historically, they have observed that Indent for some of the allocation quantity were not received.