Kotyark Industries Limited — Important, 17-04-2025: Updates

Kotyark Industries Limited has received additional Letters of Intent (LOIs) for biodiesel supply from Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL). The agreement with HPCL covers 1,047 KL of biodiesel, valued at approximately Rs. 8.84 Crores, while BPCL's order involves 3,690 KL, with an aggregate cost of about Rs. 31.22 Crores. The supply period for these LOIs is set from April 2025 to July 2025.

Including previous LOIs from Indian Oil Corporation Limited and HPCL, the total deliverable value from all received contracts now stands at approximately Rs. 83.30 Crores. This development indicates strong demand for the company’s biodiesel supply and suggests a positive outlook, as it aligns with the ongoing push for renewable energy resources. Investors should watch closely for how these contracts may enhance revenue streams in the upcoming quarters.