Mitch Evans And Jaguar TCS Racing Take Runner--Up Podium In Majestic Monaco

Mitch Evans took his third podium of the season, with a second-place finish on the iconic Monaco street track

Teammate Sam Bird climbed six places to cross the line in tenth, but received a post-race penalty for causing a collision

Mitch Evans moves up to fourth in the drivers’ standings while Sam Bird remains seventh

Jaguar TCS Racing remain third in the teams’ standings

The ABB FIA Formula E World Championship head to Jakarta, Indonesia for a double-header race weekend on 3 and 4 June 2023

 Mitch Evans took his third podium of the season, with a runner-up finish on the iconic streets of Monaco. The Kiwi started in sixth position after making it through to the qualifying Duels but was narrowly beaten by the Nissan of Norman Nato in the quarter-finals. In the race, Mitch strategically climbed his way through the field and by lap 13 was leading the pack. Navigating the track with precision and speed, he tussled with the Jaguar-powered Envision of winner, Nick Cassidy, and defended well from the Andretti of Jake Dennis.

A late safety car that lasted for three laps dampened Mitch’s chances for further overtaking opportunities. Despite his determination and gallant effort, a second safety car meant he couldn’t progress further and he had to settle for second-place.

Sam Bird lined up in P16 after a challenging Qualifying session. Sam held his position off-the-line and started to work his way through the pack. He gained eight places and was up into P8 when he unfortunately missed the ATTACK MODE loops with three laps to go. This dropped him down to P10 where he crossed the line in the final point scoring position. Sam was given a post-race 5-second time penalty for causing a collision with the Nico Muller, meaning his final result is P16.

Envision Racing’s Nick Cassidy took his second race win in a row – a Jaguar-powered car has now won the last four races.

Jaguar TCS Racing remain third in the 2023 ABB FIA Formula E World Championship teams’ standings but have added more impressive points to the championship campaign.

James Barclay, Jaguar TCS Racing Team Principal: “A runner-up podium in Monaco is something to be very pleased about and we were so close to that win. After a really intense race, I’m proud for all of the team to be able to step on the podium for the third year in a row here in Monaco. We’ve scored more really strong points, a great result and a fantastic drive from Mitch and the team. It was a testing race from start to finish but the team executed a solid energy management strategy. Unfortunately, the second to last safety car cost us the chance to fight for the win. Sam made great progress but unfortunately missed his last ATTACK MODE which dropped him back into the pack behind and then had the racing incident at the end of the race. Overall I’m proud of the team for continuing to deliver great performance and points, there is a long way to go in the season and we now look forward to the double-header in Jakarta.”

Mitch Evans, Jaguar TCS Racing driver, #9: “It’s been a solid day. Ultimately every race you turn up and you want to win so I am a little disappointed, particularly as it’s Monaco. However, if you look at the bigger picture, it’s a great haul of points and huge credit to Nick – he overtook me at the right time when I wasn’t expecting it. We still did a really great job and the whole team should be proud of themselves. There are still a lot of opportunities left this season and we’ll be giving it our all to keep moving forwards.”

Sam Bird, Jaguar TCS Racing driver, #10: “Today was a hard day. In the race I started to make good progress but it got quite messy in the middle and there were a couple of collisions. I missed the ATTACK MODE loops which meant I lost a place, without the benefits of the power. In the final couple of laps I had a further collision. I’ll put this behind me and look forward to Jakarta.”

Jaguar TCS Racing head to Jakarta, Indonesia for the Asian double-header in the ABB FIA Formula E World Championship on 3 and 4 June 2023.

Birla Estates Acquires 28.6-Acre Land Parcel In Sarjapur Road, Bengaluru

* This marks company’s foray into the high visibility and lucrative South East Bengaluru market with the project holding a revenue potential of approx.  INR 3,000 Cr

Birla Estates Private Limited, the real estate arm of the Aditya Birla Group housed under Century Textiles and Industries Limited, today announced that it has purchased 28.6-acre prime land parcel in the fast developing micro-market of Sarjapur Road, Bengaluru. This strategic foray into South East Bengaluru market presents a lucrative opportunity for the company to develop Grade-A residences for the large pool of IT professionals working in the IT corridor of Sarjapur, Outer Ring Road, Whitefield and Electronics City.

The proposed project is estimated to have a revenue potential of approx. INR 3,000 Crore. The development will essentially comprise of residential housing along with convenience retail options.

Mr. K T Jithendran, MD and CEO, Birla Estates said, "Our decision to acquire a large land parcel in Bengaluru's Sarjapur Road demonstrates our strategic vision and deep commitment to tapping into emerging opportunities in India's fast-growing business districts. We believe that this region has immense potential to become the next IT hub, and our Grade-A residential complex will serve as a haven for modern professionals in the area. Our goal is to set a new standard for iconic living in Bengaluru through this project, and we are fully dedicated to creating a top-tier development that exceeds the expectations of our homebuyers.”

Sarjapur is a fast-developing locality of Bengaluru with good road connectivity to key commercial hubs. It is one of the prime residential and commercial hotspots of the IT capital of the country with high-end social infrastructure, entertainment options.

About Birla Estates:

Birla Estates Private Limited, a 100 per cent wholly owned subsidiary of Century Textiles and Industries Limited is the real estate venture of the Aditya Birla Group. In a short span of time Birla Estates has established itself as a brand of choice in the real estate industry.  Birla Estates develops premium residential housing in key markets. The company is developing land parcels both through outright purchases as well as asset light Joint Ventures apart from developing its own land parcels. In the long term, the company is focused on developing world class residential, commercial and mixed use properties and aims to be amongst the top real estate companies in India. The company’s focus is on differentiating through sustainability, execution excellence, customer centricity and thoughtful design.

The company is headquartered at Mumbai and currently has regional offices in NCR and Bengaluru and also has a well- established commercial portfolio with 2 grade-A commercial buildings located in Worli, Mumbai with ~6 lakh square feet of leasable area.

https://www.birlaestates.com/

Cummins India Participates At 2023 WE Local Bengaluru Conference And Career Fair

* Over 50 Cummins representatives including global and India leaders

* More than 300 visitors to Cummins India booth at the SWE Career Fair

'* Meet the Leader' session organized to inspire women in STEM fields

Cummins India, the power technology leader, participated at the 2023 WE Local Bengaluru conference and career fair organized by Society for Women Engineers (SWE) during April 26 - 28, 2023. More than 50 representatives from Cummins, including global and India leaders, participated at the event as speakers, SWE global ambassadors, talent scouts, and conference attendees.

Participating across panel discussions, speaker sessions, networking events, and career fair at the event were notable leaders from Cummins, including Annapurna Vishwanathan, Chief Information Officer, Cummins India; Kavita Kaushik, Quality Champion and Director – Quality and Six Sigma, Cummins India; Karen Ramsey-Idem, Global Technical Operations Excellence and Capacity Planning Leader, Cummins Inc.; Neema Nair, Technical Director, Cummins India; Tushar Khobragade, Technical Director, Cummins India; Zakee Sheikh, Talent Acquisition Leader, Cummins India; and Dipti Bapat, Cummins Software and Electronics – Internal Combustion Engine Platform Leader, Cummins India.

Highlighting the company’s commitment to diversity and inclusion, Pradheepram Ottikkutti, Executive Director – Engineering and Chief Technical Officer, Cummins India said, “As a technology leader, Cummins India recognizes the importance of having a diverse and inclusive workforce to drive business success through new and innovative technologies. Women play an integral role in driving innovation, and it is essential to have a variety of perspectives and experiences on the table to engineer truly innovative engineering solutions and products for our customers. SWE is a valuable platform that inspires and motivates women to pursue rewarding tech careers by providing access to technology leaders and enthusiasts, fostering a sense of community, and creating a supportive network to help break-down gender stereotypes associated with the technology domain. Cummins India is committed to empowering women engineers and technologists by cultivating and nurturing an inclusive workplace where everyone can thrive and succeed.”

Over 300 conference participants visited the Cummins India booth at the SWE Career Fair to engage with Cummins leaders, talent scouts and SWE ambassadors, and learn more about Cummins’s technology innovations, culture, career opportunities, and success stories of women in tech. In line with the company's commitment to advancing women's interest and participation in STEM fields, a special 'Meet the Leader' session was organized for the conference participants. The session provided a platform for the participants to interact with Cummins leaders and talent scouts, gain insights on the role of technology in driving business innovation, and receive valuable advice on pursuing a successful career in engineering and manufacturing.

Excited about the company’s participation at the event and career fair, Anupama Kaul, HR Leader, Cummins India added, “Cummins India has a long-standing commitment to diversity, equity, and inclusion (DEI), which is fundamental to our approach to problem-solving. For us, prioritizing DEI is not only an ethical obligation but also a competitive advantage. We have set an ambitious goal for ourselves of 50% women representation across our workforce as we envision a future which is equally powered by women, where they have abundant opportunities to demonstrate their leadership, innovation, skill, and creativity. By collaborating with SWE to attract and mentor more women in technology, we hope to build a truly diverse and future-ready workforce that can drive innovation and success.”

Cummins India was the Silver Sponsor at the 2023 WE Local Bengaluru.

About Cummins Group in India

Cummins in India, a power leader, is a group of complementary business units that design, manufacture, distribute, and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions, and electrical power generation systems. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high-performance outlook is based on customer focus, integrity, and capability of its people. Part of the $28.1 billion Cummins Inc. USA, Cummins in India is a group of seven legal entities across 200 locations in the country with a combined turnover of ?23,200 crores in 2022 and over 10,000 employees. Learn more at cummins.com.

About Society of Women Engineers (SWE) and WE Local

The Society of Women Engineers strives to advance and honor the contributions of women at all stages of their careers and recognize the successes of SWE members and individuals who enhance the engineering profession through contributions to the industry, education, and the community. WE Local conferences are organized by SWE to bring together participants in all stages of their collegiate and professional journey. The conferences create space for engineers, technologists, and partners to connect through professional development sessions, inspirational speakers, networking opportunities, and more. WE Local attendees range from university students to senior-level professionals who come from a variety of engineering and technology disciplines, as well as non-technical backgrounds. The conferences also attract male allies who play an important role in advancing women in STEM.

Godrej Agrovet Launches Umbrella Brand PYNA For Sustainable Cotton Production

~ PYNA brand to have a range of weed management options from seed sowing to active flowering stage

~ PYNA brand logo usage by co-marketers to protect farmers from the counterfeit products

Godrej Agrovet Limited’s (GAVL) Crop Protection Business today announced the launch of PYNA, an umbrella brand for sustainable cotton production. A pioneer in establishing the concept of selective cotton herbicides in different markets, GAVL will be selling three of its cotton weed management products Hitweed, Hitweed Maxx, and Maxxcott under PYNA brand.

The cotton crops grow at a slow pace during the early stages. Additionally, due to wider spacing between the crops, weeds impact the cotton yield up to 45-50%. With PYNA brands providing a broad window of weed management options from seed sowing to active flowering stage of crop stage, farmers can now get longer duration of weed-free crop. PYNA brands minimizes the crop – weed competition and helps to establish the cotton crop in the early stages, which directly has a positive impact on the yield.

GAVL also announced that it will be extending PYNA brand logo to co-marketers like Bayer CropScience, Rallis India, Dhanuka Agritech, PI Industries and Indofil Industries etc. are promoting and helping the farmers grow cotton sustainably through on PYNA brands which is a symbol of Trust and Quality.  Easy and safe to use, PYNA brand products aid farmers reduce dependency on manual and mechanical methods of weed control too.

Rajavelu N.K, CEO, Crop Protection Business, GAVL said, “Globally, India has largest area under cotton cultivation. However, with only 10% of total cotton acreage area treated properly, it has not only impacted the productivity but also farmers profitability. Hence in order to enable sustainable cotton production, we are happy to bring our 3-marquee offerings under PYNA brand.”

“In order to ensure quality supply to farmers every time, we are excited to partner with co-marketers to leverage PYNA brand. The same will allow them to leverage the trust that Godrej brand has earned amongst the farmers in the last 36 years and collectively tap 90% untapped cotton acreage,” he further added.

GAVL was the first company to introduce post-emergent selective cotton herbicide, Hitweed, in 2007. Enabling cotton plants to get more space, light, and air for robust growth without impacting the soil, it was developed for usage 20-25 Days After Sowing (DAS).  Witnessing the need to protect cotton crop during early post-emergent phase viz. 7-15 DAS, it launched Hitweed Maxx in 2019 which enabled farmers get superior crop safety and better efficacy. In 2023, the company launched Maxxcott – a pre-emergent herbicide to be used 0-3 DAS – which eliminates growth of major weeds in cotton, ensures good growth of cotton seedlings, and reduces further spread of major weeds.

About Godrej Agrovet:

Godrej Agrovet Limited (GAVL) is a diversified, Research & Development focused food and agri-business conglomerate, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. GAVL holds leading market positions in the different businesses it operates - Animal Feed, Crop Protection, Oil Palm, Dairy, Poultry and Processed Foods. GAVL has a pan India presence with sales of over a million tons annually of high-quality animal feed. Our teams have worked closely with Indian farmers to develop large Oil Palm Plantations, which is helping in bridging the demand and supply gap of edible oil in India. In the crop protection segment, the Company has strong presence in the B2B segment through its subsidiary Astec Lifesciences and through its extensive distribution, network pan-India delivers innovative agrochemical offerings catering to the entire crop life cycles. In Dairy, Poultry, and Processed Foods, the company operates through its subsidiaries Creamline Dairy Products Limited and Godrej Tyson Foods Limited. Apart from this, GAVL also has a joint venture with the ACI group of Bangladesh for animal feed business in Bangladesh.

For more information on the Company, log on to www.godrejagrovet.com.

No Need For Rare Earths: Vitesco Technologies Presents “Electric Drive For Maximum Sustainability”

* In Vienna, Vitesco Technologies shows an expansion to its latest axle drive platform 

* Life Cycle Engineering for an improved ecological balance sheet: A new rotor without permanent magnets forms the core of an externally excited synchronous machine 

* This technology is suited for main drives and for auxiliary drives, plus it can bring performance benefits 

* Additional technologies for higher efficiency and sustainability are shown at the Vitesco Technologies booth 

Vitesco Technologies, a leading international supplier of modern drive technologies and electrification solutions, is exhibiting innovations for more sustainable and more efficient electric driving at the 44th Vienna Motor Symposium. As a result of Life Cycle Engineering, the fourth generation of its fully integrated electric axle drive platform (EMR4, Electronics Motor Reducer) is being broadened by a new option to enable an even better life cycle assessment: A new rotor without permanent magnets is now part of the platform development. This rotor forms the core of an externally excited synchronous machine (EESM), which works without rare earths. This reduces the rotor costs, and it avoids the carbon footprint that comes with mining and processing the ores. 

“Top results in the sustainability and efficiency of electric cars will be achieved, if the vehicle drive is optimally adjusted to the specific scenario. The externally excited rotor without permanent magnets is a particularly sustainable option for our customers. The higher the performance requirements to the drive, the more economically attractive EESM technology becomes,” said Thomas Stierle, division head of Vitesco Technologies’ Electrification Solutions. 

Externally excited machines offer many advantages 

Up to now, most electrified cars have synchronous machines with permanent magnets in the rotor (so-called PSMs, permanent magnet synchronous motors). They are efficient and were generally regarded as easier to manufacture than externally excited machines, which use coils in the rotor to generate the magnetic field. Vitesco Technologies has overcome some substantial obstacles to designing externally excited machines: By harnessing many years of experience from series application and through targeted design changes, it became possible to achieve the same performance class with both technologies (PSM and EESM) – and to use the existing 

space in the platform design for both options. By applying a sophisticated winding principle, the innovative EESM rotor becomes an economically attractive option within the most recent drive platform. Especially, when high performance requirements necessitate a big magnet mass in a PSM, EESM machines will be more affordable and more sustainable. 

“Obviously, the EESM option requires an additional inverter module to control the coils”, said Dr. Gerd Rösel, head of innovation in the Vitesco Technologies division Electrification Solutions. 

“Nevertheless, we are really close to an EESM plug-and-play solution.” In addition to saving the cost for permanent magnets and the improved sustainability, this type of machine offers further advantages: “When the vehicle is sailing efficiently, the externally excited machine saves a watt hour of electricity per kilometer because there is no drag from a permanent magnet field in the rotor,” Rösel added, “this lowers the power requirement of the drive by up to five percent without the need for a mechanic decoupling device.” 

More highlights at the booth 

Among the topics covered in Vienna is the Battery Management System (BMS), which contributes to safety, to battery life and to efficient charging. An even higher level of safety is enabled by the Battery Pressure Sensor which detects gas emissions inside the battery module. The Vitesco Technologies Thermal Management Module ensures that all connected sub-systems of the drive are run in their optimal temperature span to facilitate maximum efficiency. 

Consistently transferring existing technologies to new applications is an important element of Vitesco Technologies’ contribution to sustainability. Proven combustion engine technology is regularly reused in battery- or hydrogen-based electric mobility: One example of this is the H2 Leakage Sensor that reliably detects even the smallest amounts of hydrogen in the system. The Air Control Valve, on the other hand, controls the air flow to the cathode side of the fuel cell. 

Furthermore, the company exhibits a demo version of its 48-Volt- System for smaller electric two-wheelers. It consists of an eDCU (Electric Drive Control Unit) and a compact powerful electric motor, fitted with a special inductive rotor position sensor. This system is being developed for series application within customer projects. 

3i Infotech Global Reports Annual Revenue of Rs. 729.1 Crore PBT Up By 129%; India Business Grows 27.5% YoY To Rs. 267 Crores

* On generative AI, they will build tech that will complement or coexist with the existing tech

3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD),a leading digital transformation and technology solutions provider company, announced its consolidated financial results for the fourth quarter and the full year of FY23 ended March 31st, 2023. The company reported consolidated revenue of Rs 729.1 crore in FY23 with 7.7% YoY and 4.5% QoQ growth. Having onboarded 46 new logos in FY23, the company has good visibility for confirmed order books which will be supplemented with new wins as we go through the year. Leveraging its new products and technologically powered platforms, 3i Infotech’s revenue mix is shifting from classic enterprises to next-generation businesses.

Moving forward in the next financial year, 3i Infotech is committed to creating highly customised, country-specific business models that will deliver significant value at the right price. It will focus on driving on-shore, high-margin business using sovereign cloud-led digital insights and AI-enabled services. 3i Infotech will also leverage its investments in its NuRe branded platforms and products to solve business problems and drive outcomes for clients. By providing complementary services that coexist with legacy systems, the company will enable customers to monetize and extract the fullest value from their assets and reduce Capex spending during the downturn. In addition to its traditional BFSI focus, 3i Infotech will also target mid-tier companies in the Telecom Media Entertainment (TME), manufacturing, and healthcare verticals.

Globally, the Company has reported growth with its initiatives towards building the sales channel, optimizing costs, and investing in value-led processes. Cognitive Computing, FutureTech and Centre of Excellence by 3i Infotech will see an enhanced global outreach in the upcoming financial year.

Commenting on the Q4 FY23 results, Mr Thompson P. Gnanam, Managing Director, and Global CEO, of 3i Infotech Limited, said, “We are delighted to report steady in-line financial results for Q4 FY23; our growth has been driven by a combination of strategic investments in new service lines with focused execution, as well as an unwavering commitment to our clients. Despite the challenging global environment, we have significantly increased our revenue share. We have made some important investments in new service areas such as NuRe Edge in FY23. The new 3i Infotech is poised to take advantage of the rapidly changing global economic landscape by leveraging its agility and nimbleness as a challenger".

“On the generative AI front, the company will build technology that will complement or coexist with the existing commercially available tech like ChatGPT instead of creating its variant. 3i Infotech believes in the value of leveraging the AI powered technology responsibly by balancing the capitalist and socialist standpoints. Instead of jumping on to the bandwagon, 3i Infotech aims to lead by example for responsible tech”, he added.

Key Highlights of the Consolidated Financial Performance   

Total Revenue was Rs 729.1 crore in FY23, a growth of 7.7% YoY

PBT was Rs 9.4 crore in FY23

Net cash stood at Rs 60.6 crores 

Other Business Highlights 

In FY23, Application-Automation-Analytics (AAA) was one of the highest revenues’ contributors with Rs 520.8 crore followed by IMS revenues of Rs 98.2 crore 

Our new line of business CloudFirst has very good growth with order book of Rs.30 crore 

FY23 Revenues for US and India was Rs 370.6 crore and Rs 267.3 crore respectively

Top 20 clients in FY23 contributed Rs 281.3 crore which is 39% of our total revenues

Key Business Announcements 

Won the first B2B2C deal of RailTel, offering Wi-Fi monetization on the Rail station network with a potential deal size of Rs. 1000 crore over a 5-year period  

With Oracle COE at Tirunelveli being operational & billable paved the way to win the Oracle Transformation deal – SBI General in Digital Nextgen service line.   

Digital IMS (DIMS) has grown with revenue of Rs. 98.2 crore, and 18 new logos added to its bucket with HPCL, IOCL, Dhanalaxmi Bank, etc. in FY23   

Bamboo Rose, A lifestyle organization extended Cloud COE Azure CSP & MSP Project for 3 years 

FutureTech, in collaboration with IIT Madras, is involved in deep tech R&D, especially in Computer Vision, NLP and Audio to solve business challenges in healthcare.  

Conducting behavior analytics for Universities in UK & co-developing CXO Cockpits for Primary & Tertiary Healthcare in the UK  

About 3i Infotech Limited 

3i Infotech Limited incorporated in 1993 and headquartered in Mumbai, India, provides information technology services and software solutions. Since its inception the company has 25+ years of experience in delivering business value to its clients across multiple industry verticals. 3i Infotech has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, Healthcare, Manufacturing, Retail and Government sectors.

It operates through three key segments, (i) Enterprise Services (includes ADMS, ISMS, Testing, Classic BPS, MVS etc.), (ii) Professional Services (includes Human Capital Mgt. Services) and (iii) Digital Business Services (includes IT & Digital Consulting, Application-Automation-Analytics (AAA), Digital Infrastructure Management Services (Digital IMS), CloudFirst, Oracle COE, Global Command Centre (GCC), Cyber SOC, Digital BPS, Cognitive Computing Services, 5G Lab as Service, Private 5G, IoT, Cyber Security Services, Secured Access Service Edge (SASE), AgriTech, Telecom Media Entertainment (TME), Edge Computing, Edge Analytics, NuRe Campus, FutureTech etc.). The Company has over 6000+ employees and over 500+ clients across the globe. 

For more information, visit https://www.3i-infotech.com/    

Blue Dart India Sales At Rs 5,172 Crore, up by 17.3 Percent

Blue Dart Express Limited, South Asia's premier express air, integrated transportation and distribution logistics Company, declared its financial results for the quarter and year ended March 31, 2023, at its Board Meeting. 

Revenue from operations for the year ended March 31, 2023 stood at Rs  5,172 crore with a growth of 17.3% over the previous year and posted Rs 366 crore profit after tax for the year ended March 31, 2023 (previous year, profit after tax was Rs 376 crore). Revenue from operations for the quarter ended March 31, 2023 is at Rs 1,217 crore and profit after tax is ?Rs 70.33 crore. 

Consolidated EBITDA for the year ended March 31, 2023 stood at Rs 969.53 crore and profit after tax at Rs 370.53 crore. Consolidated EBITDA for the quarter ended March 31, 2023 is at Rs  207.90 crore and profit after tax is Rs 69.44 crore.  

The fiscal year was one of revival, with moderate growth witnessed in the last quarter. COVID-19 limitations were lifted, and most countries opened their international borders. The global economic recovery from the epidemic continued, despite many nations experiencing continued inflation caused partly by geopolitical conflicts. In India, in recognition of the enormous contribution of the logistics industry to the national economy and the growing need in Tier II and III cities, the Government of India accelerated its efforts to develop logistics infrastructure in the country on the dual engines of the PM Gati Shakti plan and the National Logistic Policy. During the period FY 2022–23, Blue Dart, with its futuristic strategy, established its network penetration in the rest of Bharat with the opening of 55+ new company-owned retail stores, strengthening its ability to deliver as the nation's trade facilitator. Blue Dart’s exceptional service quality remains one of its major pivots, alongside automation and technology, towards providing customers with a seamless one-stop solution for all their logistics requirements. We carried 32.82 crore shipments weighing 11,54,000  metric tonnes in the year under review. 

Balfour Manuel, Managing Director, Blue Dart, says, "We continue to maintain our focus on operational improvements and productivity enhancements, which led to growth. We closed FY’23 with a strong potential for the future by developing creative solutions for our customers and expanding our fleet with two Boeing 737 aircraft to serve the length and breadth of the country. We will benefit from a consolidated market and deepened relationships with our existing stakeholders.”  

“As we enter FY24, we see an increasing need for businesses to stay agile by leveraging next-generation technologies. We are committed to assisting our customers in remaining competitively dominant and relevant in an era of rapidly changing market conditions by assisting them in adapting to leaner and more sustainable logistics solutions. This prudential and operational excellence approach prepares us well for all business uncertainties", he added.

As part of the DPDHL Group, Blue Dart is committed to contributing to the Group’s mission of reducing our carbon emissions to below 29 million tonnes by 2030 along with continued business growth. Blue Dart was able to reduce its carbon emissions by 42% from the baseline of 2007 and plans to become net zero by 2050. Blue Dart, in collaboration with DPDHL Group, provides India's first end-to-end GoGreen Carbon Neutral Service (CNS) in both international and domestic markets. During the fiscal year under review, Blue Dart maintained its specialised Carbon Neutral Service, which provided customers with an environmentally responsible shipping option to offset the carbon emissions produced by the transportation of their shipments. By the year 2030, the DPDHL Group has committed to reducing its absolute direct emissions from the use of fuels and its indirect emissions from purchased energy by 42%. Additionally, reducing the emissions from fuel, energy related activities,  upstream transport along with sales and business travel by 25%.