Rajputana Biodiesel Limited (formerly known as Rajputana Biodiesel Private Limited) has successfully secured a significant contract for the supply of biodiesel from Indian Oil Corporation Limited (IOCL). As per the details shared by the company, Rajputana Biodiesel will supply a total of 2,119 KL of biodiesel with an estimated order value of ₹18 Crores during the period from April 2025 to July 2025.

This development follows the opening of a tender by Indian Oil Corporation Limited (IOCL) under the tender ID 2025_MKTHO_ 184206_1, released on March 13, 2025, for the supply of biodiesel. This order marks a significant milestone for Rajputana Biodiesel and is part of its ongoing efforts to expand its footprint in the biodiesel sector.

Further Details of the LOI

The Letter of Intent (LOI) from IOCL dated April 17, 2025, confirms the biodiesel supply order. The contract stipulates that after the submission of the necessary bank guarantee, security deposits, and other documentation, Rajputana Biodiesel will deliver the biodiesel across the specified period. The terms outlined are aligned with the conditions set in the initial Expression of Interest (EOI).

Rajputana Biodiesel's subsidiary, Nirvaanraj Energy Private Limited, is also expecting to receive LOIs for additional biodiesel supply volumes as the bid process continues for other customers such as Bharat Petroleum Corporation Limited (BPCL).

Business Expansion and Future Outlook

The order from IOCL is a major step for Rajputana Biodiesel, underscoring its growing presence in the biodiesel market. As part of its expansion strategy, the company is also set to receive further orders in the coming weeks, which will be crucial for achieving its growth targets in the renewable energy sector.

In the coming months, Rajputana Biodiesel will continue to supply biodiesel to Indian Oil Corporation (IOCL) and potentially other public sector undertakings as it strengthens its position in the sector. The biodiesel market, fueled by renewable energy policies and the government's push for alternative fuels, presents vast opportunities for the company.

The biodiesel industry is projected to grow significantly in the coming years, driven by sustainability and green energy initiatives, and Rajputana Biodiesel is poised to benefit from this growth.

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