Business Economy


BPCL signs MoU with BluJ Aerospace

Kochi, Mar 19 (UNI) In a significant advancement in sustainable aviation, Bharat Petroleum Corporation Limited (BPCL) has entered into a quadripartite Memorandum of Understanding (MoU) with BluJ Aerospace, the Agency for New and Renewable Energy Research and Technology (ANERT), Government of Kerala, and Cochin International Airport Limited (CIAL) to develop the first hydrogen-fueled Vertical Take-off and Landing (VTOL) aircraft ecosystem globally.

This pivotal agreement aligns with India's goal of attaining Net Zero emissions by 2070 and represents a significant stride in aviation innovation.
The project aims to transform urban and regional air mobility through the integration of green hydrogen-powered VTOL aircraft, enhancing speed, reducing noise, and improving efficiency while substantially cutting down carbon emissions.
In its crucial role, BPCL will establish hydrogen refuelling infrastructure for VTOL aircraft developed by BluJ Aerospace via its forthcoming Hydrogen Refueling Stations (HRS) in Kochi and Trivandrum.
Furthermore, BPCL will engage in R&D endeavours focused on designing and developing an Indigenous Proton Exchange Membrane (PEM) Hydrogen Fuel Cell characterized by high power density to facilitate vertical lift-off, thereby advancing India's hydrogen technology capabilities.

The MoU was executed by Ranjan Nair, Business Head – Renewable Energy, BPCL, Narendra Nath Veluri, IFS, CEO – ANERT, Maruthi Amardeep Vatsavaya, CEO – BluJ Aerospace, and Manu G, Airport Director – CIAL with notable attendees including K R Jyothilal, IAS, Additional Chief Secretary, Department of Energy, Government of Kerala, Bhupinder Singh Bhalla, IAS, Ex-Secretary, MNRE, Government of India, Dr. Bharat L. Newalkar, CGM (R&D). Senior officials from both the state and central governments, ANERT and CIAL were also present.

Commenting on this landmark partnership, G. Krishnakumar, Chairman & Managing Director, BPCL, remarked, "Green hydrogen holds the potential to transform aviation and urban mobility. This partnership reflects our resolve to lead in clean energy solutions that are innovative and practical for a sustainable future."
BPCL's upcoming Hydrogen Refuelling Stations (HRS) in Kochi and Trivandrum will be strategically positioned to facilitate research and pilot projects within Kerala's Hydrogen Valley Program.
These stations will be essential in promoting commercial hydrogen applications and encouraging the wider uptake of hydrogen-powered transportation solutions.

With this initiative, BPCL strengthens its position as a leader in green energy solutions, setting the groundwork for India's progression towards hydrogen-based aviation and transportation.
UNI DS GNK
More News

Godrej incorporates subsidiary to enhance financial services presence

14 Jan 2026 | 8:03 PM

Mumbai, Jan 14 (UNI) Godrej Industries Ltd (GIL) has officially announced that it has incorporated a new subsidiary, called Godrej Investment Ltd, as its financial services arm, which will serve as an umbrella holding company for all group financial operations, including its lending businesses.

see more..

Large-Ticket Deals Power Industrial & Warehousing Leasing to 36 9 Mn Sq Ft in 2025: Colliers

14 Jan 2026 | 7:59 PM

Hyderabad, Jan 14( UNI) India’s industrial and warehousing real estate market recorded its strongest performance in recent years, with 36.9 million sq ft of leasing in 2025, registering a 16% year-on-year growth, according to a report released by Colliers India.

see more..

14 Jan 2026 | 7:35 PM

Hyderabad, Jan 14 UNI) : Capital inflows into India’s real estate sector rose sharply in calendar year 2025, reaching an all-time high of USD 14.3 billion, marking a 25 per cent year-on-year growth, according to a latest report ‘ India market Monitor Q4 2025- Investments’ released by CBRE South Asias Pvt Ltd.

see more..

Cyient founder Mohan Reddy receives living leged award by Geospatial World

14 Jan 2026 | 7:18 PM

Hyderabad, Jan 14 (UNI) Cyient, a global Intelligent Engineering solutions company, on Wednesday announced that its Founder Chairman, Dr. B.V.R. Mohan Reddy, has been conferred the ‘Living Legend Award’ by Geospatial World, one of the world’s leading geospatial knowledge organisations.

see more..

Dr Reddy’s launches first to market OTC antihistamine eye drop in US

14 Jan 2026 | 6:54 PM

Hyderabad, Jan 14 (UNI) : Dr. Reddy’s Laboratories on Wednesday announced the first-to-market U.S. launch of Olopatadine Hydrochloride Ophthalmic Solution USP, 0.7% (OTC), the generic equivalent of Extra-Strength Pataday® Once-Daily Relief, following approval by the U.S. Food and Drug Administration.

see more..