Brief: Southern Online Bio Technologies gets LOI from Bharat Petroleum for supply of bio diesel

Solana Biofuels

21/07/2016 08:15

July 21 (Reuters) - Southern Online Bio Technologies Ltd  SOBT.BO : 
 * Received LOI from Bharat Petroleum Corp for supply of 2250 kilo liters of bio 
   diesel from July to September 2016 
 * Tender valid upto March 2017; order is further extendable for two quarters with an expected order value to be 310 million rupees 
 
 * Source text: Southern Online Bio Technologies Ltd has informed BSE that the Company has received letter of intent from Bharat Petroleum Corporation Limited (BPCL) 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 Crores for March ending 2017. 
 
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