Rajputana Biodiesel Secures ₹30 Crore LOI from Indian Oil Corporation, Eyes Further Expansion

In a major fillip to India's renewable energy industry, Rajputana Biodiesel Limited and its subsidiary Nirvaanraj Energy Private Limited have been issued Letters of Intent (LOIs) by Indian Oil Corporation (IOCL) and Hindustan Petroleum Corporation (HPCL) for the sale of biodiesel valued at around ₹30 crore (₹300 million). The contracts, which were won through a countrywide tender floated by Oil Marketing Companies (OMCs) in March 2025, entail the supply of 3,543 kilolitres (KL) of biodiesel from April to July 2025.

 

Key Highlights:

This new order consolidates Rajputana Biodiesel's position as a driving force behind India's shift towards cleaner, sustainable energy solutions.

 

Source: Autocar Professional, BioEnergy Times, IPO Central