Biofuel Maker SME Company's Subsidiary Receives 39 KL Biodiesel Supply Order From BPCL Worth Rs 33 Lakhs
The tender was for the supply of Biodiesel, with a total bidding quantity of 200,000 KL
Rajputana Biodiesel Limited, in a recent update, has announced that its subsidiary, Nirvaanraj Energy Private Limited, has received Letters of Intent from Bharat Petroleum Corporation Limited (BPCL) on April 18, 2025, to supply biodiesel. The supply of biodiesel is in response to a tender by Oil Marketing Companies (OMCs), specifically Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL). The tender dated March 13, 2025, involves a total quantity bidding of 200,000 KL of biodiesel for the period spanning from April 2025 to July 2025. Nirvaanraj Energy Private Limited is set to supply an aggregate quantity of 39 KL of biodiesel to BPCL. The estimated order value for this supply is approximately Rs. 33 Lakhs.
DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, download the service details here.
Rajputana Biodiesel Limited and its subsidiary have received Letters of Intent for the supply of Biodiesel for an aggregate quantity of 3,543 KL. The estimated order value for this supply is approximately Rs. 30 Crores. The supply period for this order is from April 2025 to July 2025. The announcement also mentions that Letters of Intent (LOIs) for remaining bid volumes of biodiesel supply are expected to be issued shortly.
About Company
Founded in 2016, Rajputana Biodiesel Limited produces and supplies biofuels and their by-products - glycerine and fatty acids. Rajputana Biodiesel is engaged in manufacturing and supplying biofuels and their by-products, including biodiesel, glycerine, and fatty acids. Their production facility is located at G24 RIICO Industrial Area, Rajasthan, spread over 4,000 square meters. The shares of the company were listed on the stock exchange in December 2024, since then, it has given negative returns of 16 per cent.
Investors can keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.