Rajputana Biodiesel Limited, a leading player in the renewable energy sector, has announced the receipt of Letters of Intent (LOIs) from two major oil marketing companies, Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL), for the supply of biodiesel.
The LOIs were issued in response to a tender floated by Oil Marketing Companies (OMCs) under EOI No. OMC/EOI/NUCO/BD/MAR25 (CYCLE1), dated March 13, 2025. The tender was for the procurement of a total of 2,00,000 kiloliters (KL) of biodiesel for the period from April to July 2025.
Rajputana Biodiesel Limited and its Subsidiary Company i.e. Nirvaanraj Energy Private Limited have received Letters of Intent dated for supply of Biodiesel for aggregate 3,543 KL, having estimated order value of Rs. 30 Crores (approx.), during the period of April 2025 to July 2025.
According to the company, LOIs for remaining bid volumes of biodiesel supply are expected to be issued shortly, as the bid details for the supply of biodiesel by Rajputana Biodiesel Limited to IOCL and BPCL, and by Nirvaanraj Energy Private Limited to BPCL, are awaited and anticipated to be received soon.
