Brief: Southern Online Bio Technologies gets LoI from Indian Oil Corp for bio diesel supply

Solana Biofuels

08/07/2016 11:42

July 8 (Reuters) - Southern Online Bio Technologies Ltd  SOBT.BO : 
 * Got loi from Indian Oil Corp for supply of 2250 kilo liters of bio diesel 
   from July to September to secunderabad location 
 * Tender is valid upto March 2017 ; expected order value to be inr 310.2 
   million for March ending 2017. 
 
 * Source text: 
Southern Online Bio Technologies Ltd has informed BSE that the Company has received letter of intent from Indian Oil Corporation Limited for the supply of 2250 Kilo Liters of Bio Diesel from July to September 2016 to its Secunderabad location in Telangana State. 
 
The said tender is valid upto March 2017 and the order is further extendable for two quarters with an expected order value to be Rs. 31.02 Crores for March ending 2017. 
 
 * Further company coverage  SOBT.BO  
 ((Bengaluru Newsroom; +91 80 6749 1130))