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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; 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Blue Dart evaluating fresh freighter inductions, replacement of ageing Boeing 757 fleet
Rohit Vaid · 2026-06-17 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
Nikhil Ved, Managing Director, Blue Dart Aviation

Nikhil Ved, Managing Director, Blue Dart Aviation

India’s only scheduled domestic cargo airline, Blue Dart Aviation, is evaluating the induction of additional freighter aircraft and planning for the eventual replacement of its ageing Boeing 757 fleet as part of its long-term growth strategy, a senior company executive told businessline.

Speaking to businessline on the occasion of the cargo carrier completing 30 years of operations, Nikhil Ved, Managing Director, Blue Dart Aviation, said fleet modernisation remains a “live priority” for the company as it prepares for the next phase of expansion in India’s rapidly growing air cargo market.

“Three years ago, we inducted two Boeing 737-800 freighters, which added payload capacity and greater route flexibility,” Ved said.

“Our Boeing 757-200 fleet has delivered exceptional service, but with an average age close to 30 years, prudent planning requires us to assess renewal along with future additions. We are evaluating further freighter inductions to support both network growth and the eventual replacement of older aircraft,” he added.

Presently, Blue Dart operates a fleet of eight cargo aircraft comprising six Boeing 757-200 freighters and two Boeing 737-800 freighters.

As per the domestic cargo airline, the fleet serves eight destinations every night through more than 56 route connections and provides a payload capacity of over 700 tonnes.

The development assumes significance at a time when dedicated freighter operators globally are grappling with ageing fleets and supply-chain constraints, even as India’s air cargo market continues to witness strong structural growth driven by e-commerce, pharmaceuticals and manufacturing exports.

According to Ved, India currently handles more than 3.26 million tonnes of air cargo annually and is witnessing sustained growth in time-definite freight demand.

He said e-commerce has emerged as Blue Dart’s single-largest business segment, contributing around 30-31 per cent of the parent company’s revenues, followed by banking and financial services, pharmaceuticals, engineering goods and high-value retail.

In 2025, the company handled around 47 million secured parcels, while peak operations witnessed cargo throughput of more than 14,000 tonnes in a single day.

Besides fleet expansion, parent DHL Group has committed approximately €1 billion towards its India businesses through 2030, of which around €250 million has been earmarked for Blue Dart over a five-year period.

Furthermore, Ved said a portion of the investment will be utilised for the maintenance and upkeep of the existing Boeing 757 fleet, while the remaining funds are being channelled towards infrastructure expansion, including the company’s low-emission integrated operating facility at Bijwasan in New Delhi and a new ground hub in Haryana.

“Further fleet investment is being planned as part of this overall envelope,” he added.

Meanwhile, industry estimates suggest India’s air cargo market could witness substantial expansion over the next decade, supported by rising consumption, growth in Tier-II and Tier-III markets, and increasing export-oriented manufacturing activity.

According to estimates cited by the company, India’s air cargo volumes could quadruple over the next 20 years, growing at a compound annual rate of around 7 per cent.

In addition, Ved said dedicated freighter operators would remain indispensable to supporting this growth, noting that belly cargo capacity alone cannot provide the schedule certainty, main-deck availability, and network discipline required by time-sensitive.

Published on June 17, 2026