Kotyark Industries wins ₹15.41 cr biodiesel LOIs (2026)

Key development: LOIs from BPCL and HPCL

Kotyark Industries has received an aggregate biodiesel supply order valued at about ₹15.41 crore from Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL). The company said the order is pursuant to a Joint Expression of Interest (Joint EOI) floated by the oil marketing companies (OMCs). The supply will be executed as per the terms and conditions mentioned in the respective Letters of Intent (LOIs) and the tender documents. The scheduled supply period for these quantities is from June 2026 to August 2026. The disclosure positions the order as a meaningful addition to Kotyark’s near-term execution pipeline over the June to August window.

What the regulatory filing says

In its regulatory filing, Kotyark Industries stated that it has received LOIs from BPCL and HPCL for biodiesel supplies. The combined allocation totals 1,662 kilolitres (KL), with an aggregate deliverable value of approximately ₹15.41 crore. The company also referenced the joint tender framework under which the procurement is being carried out. The filing notes the order date recorded as August 4, 2026, and that the disclosure was made to the exchange on August 5, 2026. Separately, the LOIs were received via email on different dates, as outlined by the company.

Order break-up: quantities and values by customer

The total order value of ₹15.41 crore includes two separate LOIs, one from BPCL and one from HPCL. BPCL’s LOI covers 1,287 KL of biodiesel with a deliverable cost of approximately ₹11.93 crore. HPCL’s LOI covers 375 KL of biodiesel with a deliverable cost of approximately ₹3.48 crore. Put together, the LOIs sum to 1,662 KL and ₹15.41 crore. The company described these as supplies to be undertaken under the tender’s stipulated conditions.

Timeline: LOI dates, email receipt, and disclosure

Kotyark said BPCL issued its LOI dated August 3, 2026, and the company received it via email on August 4, 2026. The HPCL LOI is dated August 4, 2026, and Kotyark received it via email on August 5, 2026. The filing also records August 4, 2026 as the order date, with the exchange disclosure made on August 5, 2026. These details matter for investors tracking the conversion of bids into executable allocations under joint OMC tenders. They also clarify how the order information moved from LOI issuance to formal market disclosure.

Tender reference and supply window

The order is linked to Joint EOI No. OMC/EOI/BD/JUN26 (CYCLE-1), under Tender ID: 2026_MKTHO_190226_1. Kotyark said the supply is scheduled from June 2026 to August 2026. The company added that deliveries will be made in line with the LOIs and the tender documents. Beyond this, no additional operational details were disclosed in the provided text. Investors typically track whether such tender allocations translate into on-time deliveries within the stated period.

How large is the order versus Kotyark’s revenue base?

Kotyark stated that the ₹15.41 crore order value represents approximately 23.8% of its average quarterly revenue of ₹64.83 crore. This comparison helps frame the order’s scale against the company’s recent revenue run-rate, without implying full-period revenue recognition from a single tender allocation. With supplies scheduled across June to August 2026, the execution overlaps a defined three-month window. The disclosed percentage is a direct indicator of materiality relative to the company’s average quarterly revenue figure stated in the text.

Summary table: the confirmed numbers

Background from earlier disclosures in the text

The provided text also references earlier biodiesel allocations and orders involving Kotyark Industries and state-run OMCs. One disclosure mentions a biodiesel supply order from Indian Oil Corporation Limited (IOCL) valued at approximately ₹30.30 crore, tied to a joint EOI (OMC/EOI/BD/OCT25 (CYCLE1)), with a stated supply period of November 2025 to March 2026. Another reference notes an allocation for August to October 2025 where Kotyark received 7,299 KL valued at approximately ₹58.39 crore (excluding GST and transportation charges) as part of a larger joint OMC tender floated on July 23, 2025 for procurement of 1.5 lakh KL of biodiesel. The text adds that 1,28,687 KL was allocated in that tender, with Kotyark receiving a share across Gujarat and Haryana. These background points, as stated, indicate Kotyark’s participation in multiple joint OMC procurement cycles over time.

Market impact: what is known from the filing

From a market standpoint, the filing provides two concrete anchors for assessing the update: the order value (₹15.41 crore) and its stated relationship to Kotyark’s average quarterly revenue (23.8% of ₹64.83 crore). The order also specifies a clear customer mix between BPCL and HPCL and a defined supply window (June to August 2026). The disclosure does not provide pricing per KL, margins, or any guidance on profitability. It also does not include any statement on capacity utilisation or incremental capex, so the impact assessment is limited to the disclosed value, quantity, counterparties, and timeline.

Why the update matters

The LOIs reflect confirmed procurement allocations from two state-run OMCs under a joint tender mechanism, which can be an important channel for biodiesel suppliers. The presence of tender identifiers and EOI references provides traceability to the procurement cycle cited by the company. The breakdown between BPCL and HPCL, and the email receipt dates, offer additional clarity on the sequence of the award and disclosure. For investors, the most relevant disclosed metric is the company’s own materiality comparison, placing the order at 23.8% of its average quarterly revenue figure.

Conclusion

Kotyark Industries has disclosed two LOIs from BPCL and HPCL for a combined 1,662 KL of biodiesel valued at about ₹15.41 crore, with supplies scheduled from June 2026 to August 2026. The company said deliveries will follow the LOI and tender terms under Joint EOI No. OMC/EOI/BD/JUN26 (CYCLE-1) and Tender ID 2026_MKTHO_190226_1. Next milestones, based on the filing, are the execution of supplies within the stated June to August 2026 period and any subsequent disclosures linked to delivery progress or additional tender allocations.