Kotyark Industries Limited — Important, 16-04-2025: Updates

Kotyark Industries has received a Letter of Intent for Biodiesel supply from Indian Oil Corporation Limited (IOCL) valued at approximately ₹36.23 Crores and from Hindustan Petroleum Corporation Limited (HPCL) worth around ₹7.01 Crores. The total deliverable value from these orders amounts to roughly ₹43.24 Crores for the supply period of April 2025 to July 2025. This new process by the Oil Marketing Companies (OMCs), where they issued LOIs directly without prior allocation sheets, reflects enhanced operational efficiency and bodes well for the company's ongoing relationships. This development is expected to substantially contribute to revenue in the upcoming months, signaling a positive outlook for Kotyark Industries.