India's Kotyark Industries falls after oil firms cancel biodiesel tender

Kotyark Industries

17/03/2025 05:31

** Shares of Kotyark Industries Ltd KOTY.NS fall as much as 5%, the lower limit of exchange-allowed trading band, to 403.75 rupees

** Renewable green energy co says oil marketing companies Indian Oil Corporation IOC.NS, Hindustan Petroleum Corporation HPCL.NS, Bharat Petroleum Corporation BPCL.NS cancel entire tender for supply of biodiesel

** Adds, cancellation of this tender is expected to have an effect on co's projected rev for FY

** Oil firms have issued a new biodiesel supply tender for April-July 2025 and co plans to participate

** KOTY falls 54.3% YTD so far, including today's losses

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))