Core Announcement – Order Details
Awarding Entity: Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) through joint tender process
Domestic/International Order: Domestic
Nature of Order/Contract: Supply of biodiesel pursuant to Joint Expression of Interest (EOI) No. OMC/EOI/BD/JUN26 (Cycle1), Tender ID: 2026MKTHO190226_1
Order Value: Total allocation of ₹173.45 Crore against total contract value of ₹1,397.72 Crore
Materiality Context: The allocation represents approximately 12.4% of the total tender value. Includes previously disclosed LOIs worth ₹15.41 Crore from BPCL and HPCL dated August 05, 2026.
Execution Timeline: 92 days from the date of Award of Contract (supply period from June 2026 to August 2026)
Location of Supply: Gujarat
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Supply to be undertaken subject to receipt of requisite Indent/Supply Order within stipulated time period and in accordance with terms and conditions specified in respective LOIs, Purchase Orders and tender documents
Whether Related Party Transaction: No
Promoter Group Involvement: No
Financial Implication: Not Specified