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Kotyark Industries has formed ASIA BIO FUELS LLP, acquiring a 55% stake with an initial investment of Rs 0.55 Cr in the new entity, which has a total capital of Rs 1 Cr. This strategic move expands Kotyark's presence in the bio-chemical and green energy sectors. ASIA BIO FUELS will focus on manufacturing, trading bio-based and renewable-energy products, plus developing green energy, recycling, and desalination projects. This acquisition aligns with Kotyark's business objectives, targeting future expansion in the growing renewable sector.