Rajputana Biodiesel Secures ₹43.50 Crore Contract and Expansion Approval

Rajputana Biodiesel , a key player in the renewable energy sector, has made significant strides in its business operations. The company recently announced two major developments that are set to boost its market position and production capacity.

Major Supply Contract

Rajputana Biodiesel has successfully secured a substantial tender to supply biodiesel to three of India's major oil companies. The contract involves the supply of 5,405 KL of biodiesel to Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). The total value of this supply contract is ₹43.50 crore, marking a significant business win for the company.

Expansion Approval

In addition to the supply contract, Rajputana Biodiesel has received approval to expand its production capacity at its Phulera facility. The approved expansion will increase the facility's capacity to 90 KL per day. This expansion is expected to enhance the company's ability to meet growing demand and potentially secure larger contracts in the future.

Market Position

Rajputana Biodiesel currently holds a market capitalization of ₹190.00 crore. This valuation reflects the company's position in the biodiesel market and investor confidence in its growth prospects.

The combination of the new supply contract and the approved capacity expansion positions Rajputana Biodiesel for potential growth in the renewable energy sector. As India continues to focus on alternative fuel sources, companies like Rajputana Biodiesel play a crucial role in the country's energy diversification efforts.