Kotyark Industries Limited — Updates, 21-11-2024: Press Release

Kotyark Industries has secured a significant order for the supply of 48,381 KL of Biodiesel to Oil Marketing Companies (OMCs) like IOCL, BPCL, and HPCL, with an estimated value of ₹564 Cr, exclusive of GST and transportation charges. This supply will take place from October 2024 to September 2025, reinforcing the company's operational momentum following previous successful tenders in FY25.

Chairman Gaurang Shah highlighted this achievement as a strong indicator of revenue visibility for the remainder of FY25 and a solid groundwork for FY26. The order underscores Kotyark's established position in India's biodiesel market, showcasing the reliability and quality of its products. As the company continues to secure substantial contracts, it aims to further contribute to India's renewable energy goals by expanding its market footprint in the biofuels sector. This announcement suggests a positive outlook for Kotyark Industries as it capitalizes on the growing demand for sustainable energy solutions.