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HomeAll NewsBiodieselKotyark Industries Limited bags order from OMCs for supply of biodiesel

Kotyark Industries Limited bags order from OMCs for supply of biodiesel

Kotyark Industries Limited bagged a large allocation order for procurement of bio-diesel.

According to the latest regulatory filings with the NSE, the tender covered a total quantity bidding of 3,71,424 KL for the period from April 2024 to September 2024.

Kotyark Industries Limited said, “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 for procurement of Biodiesel for total quantity bidding of 3,71,424 KL covering the period from April 2024 to September 2024. Today, we have received partial allocation sheet for 1,87,713 KL out of the total tender size mentioned above. Specifically regarding the aforementioned tender, on April 9, 2024, company submitted a bid for the supply of 11,988 KL of Biodiesel.”

“Out of the above partial Allocation, company 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 63.85 Crores excluding GST and Transportation Charges for the period of April 2024 to September 2024,” it further added.

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