Kotyark Industries Faces Revenue Impact as OMC Tender Canceled

Kotyark Industries Ltd. has announced the cancellation of an Oil Marketing Companies (OMCs) tender due to internal administrative reasons. The company had been allocated biodiesel supply under the tender but did not receive a purchase order. This cancellation is expected to affect Kotyark's projected revenue for the fiscal year. However, the company plans to participate in a new tender issued by OMCs for biodiesel supply from April to July 2025. Kotyark is India's only listed pure-play biodiesel company and has recently secured significant orders from major OMCs like IOCL, BPCL, and HPCL, valued at approximately ₹564 crore.

 

Sources: NSE, ChiniMandi, Bioenergytimes