Kotyark Industries Limited — Important, 18-04-2025: Updates

Kotyark Industries Limited has received additional Letters of Intent (LOIs) from Hindustan Petroleum Corporation Limited (HPCL) for the supply of biodiesel, amounting to 3,109 KL with a total deliverable cost of approximately Rs. 26.95 Crores. This supply is scheduled from April to July 2025. Combined with earlier LOIs from Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL), the total value from all received LOIs now stands at around Rs. 110.26 Crores. This development enhances the company’s order book and positions it strongly within the biodiesel market, presenting a positive outlook for revenue growth in the upcoming months as the supply period commences.