rajputana biodiesel has secured a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) to supply 900 KL of biodiesel valued at approximately ₹8.37 crore. The order is for the supply of biodiesel at Panipat, Haryana, covering the period from June 2026 to August 2026. This development follows a tender opened by Oil Marketing Companies (OMCs), including IOCL, Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL), under EOI number OMC/EOI/BD/JUN26 (CYCLE1) dated June 15, 2026.

The LOI was issued to Rajputana Biodiesel Limited on July 22, 2026. The company anticipates that additional LOIs for the remaining bid volumes will be issued shortly in favour of both Rajputana Biodiesel Limited and its subsidiary, Nirvaanraj Energy Private Limited. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The order is a domestic contract awarded by a public sector entity. The execution timeline is set for the three-month period ending August 2026. The company confirmed that the promoters, promoter group, or group companies hold no interest in the entity awarding the order, and the transaction does not fall within related party transactions.

Key Order Specifications

[Rajputana Biodiesel Limited](rajputana biodiesel) reported a 77.7% year-on-year increase in consolidated net profit to ₹1051.91 lakh for the financial year ended March 31, 2026, compared to ₹591.99 lakh in the previous year. This growth was driven by a significant rise in revenue from operations, which climbed to ₹12202.92 lakh from ₹6731.31 lakh in FY25. The company’s Earnings Per Share (EPS) on a basic and diluted basis improved to ₹12.88 for FY26, up from ₹9.33 in the prior year, reflecting enhanced operational efficiency and scale.

The board, in its meeting held on May 23, 2026, approved the audited financial results, which were later reviewed in an investor presentation submitted to the National Stock Exchange of India Limited (NSE) on May 27, 2026. The statutory auditors, Rajvanshi & Associates, issued an unmodified opinion on the results. The company highlighted that its Return on Capital Employed (ROCE) improved to 26.52% in FY26 from 19.44% in FY25, while the Cash Conversion Cycle reduced to 122 days from 164 days, indicating better working capital management.

Consolidated Financial Performance

The company’s consolidated financial performance for the year ended March 31, 2026, reflects growth across key metrics. Profit before tax for the year stood at ₹1342.04 lakh, a rise from ₹752.81 lakh in FY25. Total income for the period reached ₹12308.90 lakh.

Strategic Expansion and Carbon Credits

Rajputana Biodiesel has achieved Verra Carbon Credit certification for its biodiesel operations, enabling the monetisation of carbon reduction units. The company estimates that each tonne of biodiesel avoids approximately 2.5–3.0 tonnes of CO2 equivalent. Additionally, it incorporated Rajputana Agro LLP in March 2026, in which it holds a 99% stake. This new entity will focus on the cultivation and supply of biomass feedstock required for the company’s upcoming Compressed BioGas (CBG) plants in Ajmer and Nagaur, securing a captive supply chain and reducing input cost volatility.

Standalone Financial Results

On a standalone basis, the company recorded a net profit of ₹493.44 lakh for FY26, up from ₹382.63 lakh in the prior year. Revenue from operations stood at ₹5909.50 lakh, compared to ₹4702.62 lakh in FY25. The board confirmed the full utilization of the ₹2470 lakh IPO proceeds, which included funds allocated for a loan to subsidiary Nirvaanraj Energy Private Limited and working capital requirements.