September 29, 2026: Kotyark Industries has received a significant order worth Rs 1.7345 billion from Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). The order is for biodiesel allocation for supplies in Gujarat during June–August 2026, pursuant to an OMC tender. The scheduled supply period is 92 days from the date of award of the contract. The company's market capitalisation currently stands at Rs 4.75 billion.

Prior to this large order, Kotyark Industries had also received Letters of Intent (LOIs) worth Rs 154.1 million from BPCL and HPCL for biodiesel supply. That award represents a pre-contract stage, with revenue recognition commencing only after formal work order issuance. Together, these disclosures reflect a meaningful build-up in the company's order pipeline from public sector oil marketing companies (OMCs).

(Source: Scan X)