Key Agreement Details

  • Afcom Holdings Limited signed a Long-Term Aviation Fuel Supply Agreement with Hindustan Petroleum Corporation Limited (HPCL)
  • Effective date: September 1, 2026
  • Agreement structured on IATA Model Terms
  • Supported by a Location Agreement covering HPCL's aviation fuel network across India

Supply Terms

  • HPCL will supply Jet A-1 aviation turbine fuel to support Afcom's operational requirements
  • Supply covers HPCL's pan-India aviation fuelling network
  • Provides secured and competitively priced supply of aviation turbine fuel
  • Quality assurance as per IS 1571:2008 standards
  • Streamlined coordination through single supply framework
  • Operational flexibility to support Afcom's current and future network requirements

Execution Details

  • Agreement executed by Capt. Deepak Parasuraman, Chairman of Afcom Holdings Limited
  • Agreement executed by Mr. Amit Tandon, General Manager (Aviation), HPCL

Management Commentary

Capt. Deepak Parasuraman, Chairman & Managing Director, Afcom Holdings Limited: Noted India's air cargo sector is entering strong growth phase driven by e-commerce, express logistics, pharmaceuticals and cross-border trade. Partnership provides reliable fuel access, quality assurance and operational support for cargo network expansion.

Mr. Sibi Mathew, Executive Director (Aviation), HPCL: Expressed pleasure in partnering with Afcom Holdings as it strengthens presence in India's growing cargo aviation segment. HPCL will support Afcom's growth with nationwide aviation fuel infrastructure, consistent quality systems and customer-focused service approach.

Financial Impact

Financial impact not quantified in the disclosure.

Company Background

Afcom Holdings Limited: Established in 2013, provides airport-to-airport cargo transport services across domestic and international markets including ASEAN and Middle-Eastern countries.

HPCL: Government of India Maharatna CPSE and one of India's leading integrated energy companies serving Indian and international airlines, business aviation, defence and general aviation customers across India's airport network.