IOCL, BPCL, HPCL seek 15 crore litres of biodiesel in Rs 1,320 crore procurement plan

What happened

IOCL, BPCL and HPCL issued a joint tender seeking 15 crore litres of biodiesel for delivery at 85 locations during November 2026 to January 2027. The plan values procurement at Rs 1,320 crore, excluding transport and GST, and sets a base price of Rs 88 per litre.

Confirmed

Global impact / market context

The tender creates a defined purchasing opportunity for suppliers already approved by the oil companies, while setting requirements for fuel quality and delivery locations. If completed as planned, the purchases would direct spending toward biodiesel made from used cooking oil, other feedstocks, or both.

Analyst inference

This is a future procurement plan, not evidence that supply contracts have been awarded or biodiesel has been delivered. The stated Rs 1,320 crore is an indicative value based on the base price and excludes transport and GST, so final spending may differ.

Analyst inference

What to watch

1. Watch for bid results and awarded volumes: the article says only registered suppliers already qualified through the oil companies’ empanelment process may bid. Analyst inference
2. Check whether the eventual contract prices and total cost remain near the stated base price; transportation charges and GST are excluded from the indicative value. Analyst inference
3. Track whether suppliers can meet the required volumes and location-specific fuel standards, including the two maximum cold filter plugging point limits. Analyst inference

Evidence

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