iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

BPCL Plans to Establish India's First Green Hydrogen Plant in an Airport

15 Feb 2024 , 10:46 AM

On Wednesday, Indian refiner Bharat Petroleum Corp Ltd (BPCL) announced plans to build the country’s first green hydrogen factory within an airport.

BPCL announced plans to develop and manage a 1,000-kilowatt green hydrogen plant within Cochin International Airport, contributing land, water, and green energy resources.

BPCL said the initial production will be utilised to power cars at the airport in the country’s southern parts. Green hydrogen, created from water using renewable energy sources, is regarded as a future fuel that is compatible with carbon-neutral plans.

Indian firms are investing billions of dollars in emissions reduction efforts to reach the country’s target of net zero emissions by 2070. To attain this aim, India is growing the usage of biofuels in its transportation industry. BPCL is to invest $18.16 billion over the next five years to develop its oil business and renewable energy portfolio as it strives for net zero emissions by 2040.

In a recent update, on Wednesday, BPCL ESPS Trust sold a 0.3% interest in Bharat Petroleum Corporation on the open market for around 400 Crore.

The trust sold 68,36,948 shares at 584 each, according to block transactions data.

Meanwhile, numerous local mutual funds, as well as international institutional and portfolio investors, purchased shares of the state-owned refinery in block transactions.

BPCL, a Maharatna PSU, aspires to effectively supply our country’s energy demands with over 40 MMT of combined refining capacity through strategically positioned refineries in Mumbai, Kochi, Numaligarh, and Bina.

For feedback and suggestions, write to us at editorial@iifl.com


Related Tags

  • BPCL
  • BPCL Airport
  • BPCL Hydrogen Plant
  • BPCL News
  • BPCL Updates
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.