In the leadership of Secretary, Department of Science and Technology & Director General CSIR,
Dr T Ramasami (former Director CLRI),  M/s Vel Biodiesel Energy Pvt Ltd & CLRI had signed the agreement for the Biodiesel technology transfer in CLRI on 28th November 2005. The Biodiesel Process demonstration was inaugurated by Dr. S. Rajamani, (former Director, CLRI) and Dr.A.B.Mandal, Director Grade Scientist on 28th June 2006 in the Chemical Engineering Pilot Plant to the company.

The payment of  2nd and 3rd installments of sum of Rs 8988800/= ( Rupees Eighty Nine Lakhs Eighty Eight Thousand and Eight Hundred only) for the Biodiesel Technology has been handed over by Mr. S.V. Balraj, Managing Director, M/s Vel Biodiesel Energy Pvt Ltd to Dr AB Mandal , Director CLRI on 7th September 2007 in the presence of Mr. S.P. Velayutham, Chairman, M/s Vel Biodiesel Energy Pvt Ltd  and the area leaders of CLRI.   

The Director CLRI and all area leaders of CLRI congratulated the Biodiesel process innovator
Mr. K.C.Velappan, Scientist for the great achievement (Technology Transfer & External Cash Flow of One Core) happened in CLRI history.