Kotyark Industries Limited (NSE:KOTYARK), a Vadodara-headquartered biodiesel manufacturer, disclosed on 12 August 2026 under Regulation 30 of SEBI LODR that it has received a total biodiesel allocation of Rs 173.45 crore from three Oil Marketing Companies, covering supply in Gujarat over a 92-day execution window.
Key Highlights
- Kotyark Industries received a combined biodiesel allocation of Rs 173.45 crore from IOCL, BPCL and HPCL pursuant to an OMC tender process disclosed on 12 August 2026.
- The allocation covers biodiesel supplies in Gujarat for the June to August 2026 period, with an execution period of 92 days from the Award of Contract.
- Actual supply under this allocation remains subject to the issuance of requisite Indents and Supply Orders, and applicable terms and conditions, as stated in the filing.
- Kotyark operates manufacturing facilities in Sirohi, Rajasthan and Anand, Gujarat, and processes up to 15 different feedstocks including Used Cooking Oil and non-edible oils.
About the Company
Kotyark Industries Limited (NSE:KOTYARK), incorporated in 2016 and headquartered in Vadodara, Gujarat, manufactures biodiesel and value-added by-products from an integrated, multi-feedstock platform. Its production facilities are located in Sirohi, Rajasthan and Anand, Gujarat. The company serves Oil Marketing Companies, bulk buyers and industrial customers, and is classified within the Renewable Energy sector.
Announcement in Detail
Pursuant to Regulation 30 read with Schedule III of SEBI LODR Regulations, 2015, Kotyark Industries filed a press release on 12 August 2026 disclosing that it has been allocated a total contract value of Rs 173.45 crore for biodiesel procurement by three Oil Marketing Companies: Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL). The allocation relates to biodiesel supplies in the state of Gujarat covering the June to August 2026 supply period.
The execution period for fulfilling this allocation is 92 days from the Award of Contract. The filing specifies that actual supply is contingent upon receipt of requisite Indents and Supply Orders from the respective OMCs and remains subject to the applicable terms and conditions of the contract. Chairman and Managing Director Mr. Gaurang Rameshchandra Shah noted in the release that the allocation reflects the company's expanding engagement with major Oil Marketing Companies and provides an opportunity to demonstrate its manufacturing and execution capabilities across its multi-feedstock platform.
Impact on Investors
Investors will note that the disclosed allocation of Rs 173.45 crore represents a specific contract-level revenue opportunity, though the filing makes clear that actual supplies depend on the issuance of Indents and Supply Orders by the respective OMCs. The disclosed terms indicate that full realisation of this contract value is subject to conditions precedent, which shareholders should review in the official exchange filing before drawing conclusions on revenue impact.
The filing shows that this contract engages all three major public-sector OMCs simultaneously, which diversifies Kotyark's counterparty exposure within the government-mandated biodiesel blending framework. Shareholders will observe that the company's ability to fulfil this allocation within 92 days will depend on prevailing capacity utilisation at its Rajasthan and Gujarat facilities, as noted in the company's own management commentary within the press release.
Sector / Market Context
India's National Biofuel Policy and the government's biodiesel blending programme have created a structured procurement framework through which OMCs source biodiesel from registered producers. The Ministry of Petroleum and Natural Gas has been progressively expanding biodiesel blending targets, creating a recurring tender cycle for manufacturers such as Kotyark that hold valid OMC supply empanelment. The use of waste-based feedstocks such as Used Cooking Oil aligns with the government's circular economy and Swachh Bharat commitments, which continue to shape procurement policy for the biodiesel segment.