Hindustan Petroleum Corporation Limited Announces Senior Management Change Effective February 01, 2026

1 min read Updated on 01 Feb 2026, 11:49 AM

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Shriram SScanX News Team

Overview

Hindustan Petroleum Corporation Limited announced the retirement of Shri Udit Nandi, Head - Operations & Commissioning at Rajasthan Refinery Project Site, effective February 01, 2026 due to superannuation. The disclosure was made in compliance with SEBI listing regulations and communicated to stock exchanges through the company secretary.

*this image is generated using AI for illustrative purposes only.

Hindustan Petroleum Corporation Limited (HPCL) has announced a change in its senior management team, effective February 01, 2026. The company informed stock exchanges about this development in compliance with regulatory requirements under SEBI listing obligations.

Management Change Details

The company has reported the retirement of a senior executive from its Rajasthan Refinery Project operations. The change affects the leadership structure at one of HPCL's key refinery projects.

Parameter:	Details
Executive Name:	Shri Udit Nandi
Position:	Head - Operations & Commissioning, Rajasthan Refinery Project Site
Effective Date:	February 01, 2026
Reason:	Superannuation

Regulatory Compliance

HPCL made this disclosure in accordance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Rakesh Kumar Singh, Company Secretary, and communicated to both BSE Limited and National Stock Exchange of India Limited.

HPCL Invests Rs. 2 Crores in Maraal Aerospace for Solar-Powered Drone Development

1 min read Updated on 30 Jan 2026, 04:12 PM

Reviewed by

Naman SScanX News Team

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Overview

HPCL has invested Rs. 2 crores in IIT Kanpur-incubated startup Maraal Aerospace through its HP Udgam initiative, signing the agreement on January 29, 2026, during IEW 2026 at Goa. The partnership focuses on developing India's first solar-powered long endurance drone with 12-hour flight capability, 150 km range, and applications in defense, surveillance, and disaster management. The collaboration strengthens India's clean-energy aerospace ecosystem and indigenous innovation capabilities.

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Hindustan petroleum Corporation Limited has entered into a strategic partnership with IIT Kanpur-incubated startup Maraal Aerospace, marking a significant advancement in India's clean-energy aerospace sector. The agreement was executed during IEW 2026 at Goa on January 29, 2026, under HPCL's regulatory disclosure requirements.

Investment Details

The partnership involves HPCL's investment through its Startup Support Initiative 'HP Udgam', demonstrating the company's commitment to fostering indigenous innovation in the deep-tech aerospace ecosystem.

Parameter:	Details
Investment Amount:	Rs. 2 crores
Agreement Type:	Share Subscription and Shareholders Agreement (SSSHA)
Signing Date:	January 29, 2026
Venue:	IEW 2026, Goa
Initiative:	HP Udgam Startup Support

Product Development Focus

Maraal Aerospace is developing India's first solar-powered long endurance drone, combining advanced clean-energy propulsion technology with high-efficiency aerodynamics. The investment will accelerate product development, testing, and system validation processes to enable faster product realization and scale-up.

Technical Specifications

Specification:	Performance
Endurance:	Up to 12 hours
Range:	150 km one-way
Service Ceiling:	Up to 6 km above Mean Sea Level
Propulsion:	Solar-assisted electric
Operating Costs:	Low with reduced logistical dependence

Applications and Strategic Impact

The solar-powered drone technology is designed to strengthen India's defense capabilities and support critical civilian applications. The versatile platform addresses multiple operational requirements across various sectors.

Key Applications:

Border and maritime surveillance operations
Intelligence, Surveillance, and Reconnaissance (ISR) missions
Infrastructure and asset inspection
Disaster management operations

Future Development Roadmap

Maraal Aerospace has outlined an ambitious expansion plan for its clean-energy drone technology, focusing on extended endurance capabilities and advanced platform development.

Development Phase:	Target Capability
Solar + Hydrogen Hybrid:	24-hour endurance
High Altitude Pseudo Satellite:	Missions exceeding 90 days

The partnership reinforces HPCL's strategic commitment to strengthening India's indigenous innovation ecosystem in clean-energy and deep-tech startups, positioning the country as a leader in sustainable aerospace technology development.

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