Rajputana Biodiesel Bags Rs 83.7 Million IOCL Supply Order

JAIPUR / PANIPAT — Renewable energy firm Rajputana Biodiesel Limited has formally notified Indian stock exchanges that it has received a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) for a fresh commercial supply contract.

According to statutory disclosures submitted under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, the contract covers the supply of 900 kiloliters (KL) of high-grade biodiesel. The total order value stands at approximately Rs 83.7 million (Rs 8.37 crore / 83.7 million Indian rupees). The order will be fulfilled at IOCL's strategic petroleum storage and distribution terminal in Panipat, Haryana.

Contract Terms and Delivery Parameters

The commercial contract forms part of the ongoing procurement cycles conducted by state-owned Oil Marketing Companies (OMCs) to meet mandatory blending targets across national supply chains.

Key parameters outlined in the company's exchange disclosure include:

• Awarding Authority: Indian Oil Corporation Limited (IOCL).

• Contracted Volume: 900 kiloliters (KL) / 900,000 liters of biodiesel.

• Aggregate Order Value: Rs 83.7 million (Rs 8.37 crore).

• Delivery Terminal: Panipat Terminal, Haryana.

• Regulatory Compliance: Disclosed in accordance with SEBI LODR Regulation 30.

The contract is structured as a pure-play domestic commercial order, with no promoter or promoter group entities holding interest in the awarding state enterprise.

Manufacturing Capacity and Biofuel Scaling

Jaipur-headquartered Rajputana Biodiesel produces eco-friendly biodiesel and industrial byproducts—including glycerine and fatty acids—derived from multi-feedstock sources such as Used Cooking Oil (UCO), vegetable oils, and animal fats.

The company operates a core manufacturing plant in Phulera, Rajasthan, alongside operations through its subsidiary, Nirvaanraj Energy Private Limited, located in Meerut, Uttar Pradesh. To support growing procurement orders from state OMCs—including IOCL, BPCL, and HPCL—Rajputana Biodiesel recently received regulatory clearances to expand its daily installed capacity at Phulera to 90 KL per day.

The company also recently achieved Verra Carbon Credit certification, enabling it to monetize carbon reduction units from its green fuel manufacturing processes.

Policy Push and Market Outlook

The new LOI reflects continued execution under India's National Policy on Biofuels, which mandates progressive blending of biodiesel with conventional high-speed diesel across commercial retail outlets. State OMCs have steadily scaled up quarterly Expressions of Interest (EOIs) to secure reliable multi-feedstock suppliers, creating sustained revenue visibility for accredited domestic refiners.

Industry analysts note that securing direct supply contracts with major oil marketing hubs like Panipat enhances supply chain logistics and solidifies Rajputana Biodiesel's footprint across northern Indian energy corridors.

Official Sources Section

The information detailed in this news report is sourced directly from statutory communications, corporate announcements, and regulatory exchange filings submitted to:

• Rajputana Biodiesel Limited Regulatory Disclosures submitted under SEBI LODR Regulations.

• National Stock Exchange of India (NSE) corporate disclosures under ticker RAJPUTANA.

• Indian Oil Corporation Limited (IOCL) commercial tender releases.

Quote Section

According to official disclosures filed by company management with stock exchanges:

"The company has received a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) for the supply of 900 KL of biodiesel to be delivered at its Panipat terminal, with an aggregate order value of approximately Rs 83.7 million. This order further reinforces our commitment to supporting India's sustainable energy transition."

Why It Matters

• For Clean Energy Sector: Demonstrates active procurement execution by state OMCs to increase green fuel blending across national supply terminals.

• For Micro-Cap Investors: Expands Rajputana Biodiesel's order backlog and revenue visibility for upcoming financial quarters.

• For Environmental Compliance: Accelerates the usage of non-fossil fuels made from recycled waste feedstocks like Used Cooking Oil (UCO).

Key Facts at a Glance

• Order Value: Rs 83.7 million (Rs 8.37 crore).

• Contracted Volume: 900 kiloliters (KL) of biodiesel.

• Client Entity: Indian Oil Corporation Limited (IOCL).

• Delivery Location: Panipat Terminal, Haryana.

• Exchange Listing: Traded on the NSE Emerge platform under symbol RAJPUTANA.

Frequently Asked Questions (FAQs)

What order did Rajputana Biodiesel receive from IOCL?

Rajputana Biodiesel received a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) to supply 900 kiloliters (KL) of biodiesel valued at approximately Rs 83.7 million.

Where will the biodiesel be delivered under this contract?

The 900 KL biodiesel shipment will be delivered to IOCL's oil terminal located in Panipat, Haryana.

What raw materials does Rajputana Biodiesel use to produce fuel?

The company manufactures international-standard biodiesel using multi-feedstock sources, including Used Cooking Oil (UCO), non-edible vegetable oils, and animal fats.

Where are Rajputana Biodiesel shares listed and traded?

Equity shares of Rajputana Biodiesel Limited are listed and traded on the National Stock Exchange of India (NSE) under ticker symbol RAJPUTANA.

Source: Official corporate disclosures from Rajputana Biodiesel Limited, regulatory announcements on the National Stock Exchange of India (NSE), and press releases from Indian Oil Corporation Limited.