Kotyark Industries Limited’s shares has secured a fresh order to supply biodiesel to state-run oil marketing firms Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL).
The order comes from a tender floated on July 23, 2025, for 1.5 lakh kilolitres of biodiesel made from used cooking oil and non-edible oils, for supply between August and October 2025. Kotyark bid on July 29 and on September 1 was allocated 7,299 KL, worth about ₹58.39 crore, excluding taxes and transport costs. Of this, 6,324 KL will go to Gujarat and 975 KL to Haryana. The deliveries will begin once the oil firms place their supply requests.
Commenting on the order win, Gaurang Shah, Chairman cum Managing Director, said: “Kotyark Industries Limited has been awarded a tender for 7,299 KL of Bio Diesel, valued at Rs 58.39 crore. This milestone enhances our business outlook for FY26 and signifies a renewed flow of orders from Oil Marketing Companies (OMCs). This achievement reinforces Kotyark’s standing in India’s biodiesel sector. Our continued success in winning orders from prominent OMCs reflects the superior quality of our offerings and the dependability of our operations. These successive wins highlight our growing market presence and mark a notable expansion in our operational scale. Looking ahead, Kotyark Industries is dedicated to driving India’s progress towards biofuels and sustainable energy solutions.”
An official said the order shows Kotyark’s ability to handle large-scale supplies and underlines its growing position in the domestic biodiesel market.
Based in Rajasthan, Kotyark Industries was set up in 2016 and makes biodiesel and other biofuels aimed at reducing emissions. Its plant is located in Swaroopgunj, Sirohi district. The company became the first listed pure biodiesel manufacturer in India after its IPO on NSE Emerge in October 2021. Besides OMCs, it also supplies to transport contractors and mining companies. In recent years, it has expanded operations by adding subsidiaries and setting up a glycerin processing unit in 2023.
Despite new orders, the company’s recent earnings have been weak. Revenue fell 36.8 percent to ₹91 crore in the second half of FY25 from ₹144 crore in the same period last year. A profit of ₹11 crore in H2 FY24 turned into a ₹3 crore loss in H2 FY25.
