India's Kotyark Industries gains on contract win

Kotyark Industries

02/09/2025 06:55

** Shares of Kotyark Industries KOTY.NS rise 4.5% to 349.9 rupees apiece

** Biofuel manufacturer secures a contract worth 583.9 million rupees ($6.7 million) for the supply of 7,299 kilo liters of bio diesel from oil marketing companies BPCL BPCL.NS, HPCL HPCL.NS and IOC IOC.NS

** Contract is to be executed before October 2025, KOTY says in an exchange filing

** KOTY shares are down 64% in 2025 so far, exchange data shows

($1 = 87.5060 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))