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Maharatna stock jumps after it partners with KPIT Tech, BluJ Aerospace, ANERT, and CIAL for mobility and aviation

Prominent Maharatna company is driving hydrogen innovation with partnerships for VTOL aviation, fuel cell buses, and a startup program, enhancing sustainable mobility, energy efficiency, and city gas distribution for a greener future.
Maharatna stock surges after partnering with KPIT Tech, BluJ Aerospace, ANERT, and CIAL in mobility & aviation.
Maharatna stock surges after partnering with KPIT Tech, BluJ Aerospace, ANERT, and CIAL in mobility & aviation.

Introduction:

Leading Maharatna company has announced strategic partnerships to advance hydrogen-based mobility and aviation. These initiatives include developing a hydrogen-powered VTOL aviation ecosystem, launching hydrogen fuel cell buses, and fostering innovation in energy efficiency and city gas distribution through a dedicated startup program.

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Also Read: Waste management stock hits 5% upper circuit after receiving order worth ₹7.7 Cr from Anjar Municipality, Gujarat

Share price movement of BPCL:

On March 19, 2025, Bharat Petroleum Corporation Ltd (BPCL) opened at ₹263.80, up 0.63% from its previous close of ₹262.15. The stock reached a high of ₹266.35 (1.60%) and a low of ₹263.00. By 10:07 AM, it traded at ₹265.40, a 1.24% increase, with a market cap of ₹1,15,142.97 crore.

BPCL Expands Hydrogen Mobility & Aviation:

Bharat Petroleum Corporation Limited (BPCL) has announced major partnerships to advance hydrogen-based mobility and aviation. Collaborating with BluJ Aerospace, ANERT, and CIAL, BPCL aims to develop the world’s first hydrogen-powered VTOL aviation ecosystem, supporting India’s Net Zero goals and sustainable air mobility.

In another key initiative, BPCL partnered with KPIT Technologies to enhance hydrogen-based mobility in Kerala. The collaboration will introduce hydrogen fuel cell buses between Kochi and Trivandrum, backed by BPCL’s Hydrogen Refueling Stations. This pilot project aligns with the National Green Hydrogen Mission for clean transportation.

BPCL also launched the ‘Emerge’ cohort under its Ankur Fund to foster innovation in Energy Efficiency and City Gas Distribution (CGD). The program invites startups to develop solutions for energy optimization, sustainability, and smart metering, reinforcing BPCL’s commitment to a greener future.

Recent news on BPCL:

As of January 22, 2025, BPCL posted a 19.6% YoY rise in Q3 FY25 net profit to ₹3,805.94 crore. Revenue declined 1.87% YoY to ₹1,27,551 crore, while expenses fell 3% to ₹1,22,696 crore. Sequentially, net profit surged 66%, reflecting strong growth.

Stock performance of BPCL for Period of 1 week, 6 months, and 1 year:

BPCL’s stock declined 1.55% over the past week, reflecting short-term volatility. Over six months, it saw a 20.8% drop, while the one-year return stood at -5.98%, indicating sustained pressure despite recent gains in quarterly profits and operational growth.

Also Read: Ashish Kacholia pharma stock jumps 3% after it sets record date for 1:20 bonus issue

Shareholding pattern of BPCL:

ParticularsDec 2024Sep 2024Jun 2024
Promoter53.00%53.00%53.00%
FII15%15%15%
DII23%23%22%
Public9.10%8.60%9.70%
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About BPCL:

Bharat Petroleum Corporation Ltd. (NSE: BPCL), a Fortune Global 500 company, is India’s second-largest oil marketing firm. With integrated operations across refining and marketing, it aims for sustainability, expanding EV infrastructure, and achieving Net Zero Energy by 2040.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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