SEPTEMBER 20249DARSH DRONOBOTICS & TROUVE PARTNER FOR DEVELOPMENT OF HYDROGEN AIR TAXIBPCL ENROUTE TO RAISE THE LARGEST RUPEE DENOMINATED LOANDarsh Dronobotics Systems and Trouve Innovation Hub Inc. from Canada are partnering to create a five-seater air taxi powered by hydrogen. The collaboration also seeks to address climate change and minimize carbon emissions in the transportation and aviation industry, as per a statement from the company.ations, and electric vehicle charging, they announced.Vjaitra Air Mobility, a division of Darsh Dronobotics Systems Pvt Ltd, has announced a strategic partnership with Trouve Innovation Hub Inc to support India's net zero goals and ambition to lead the air taxi revolution by 2025.In supporting Darsh Dronobotics Systems, Trouve Innovation Hub Inc. will have a key role in raising funds for creating a full-scale prototype of the hydrogen air taxi. It was mentioned that the project will change the future of city transportation by providing a sustainable and effective option to conventional travel methods.Ratandeep Tripathi, CEO of Vjaitra Air Mobility, said, "Their support in fundraising and innovation will be instrumental in bringing our hydrogen-based air taxi to life, aligning with our commitment to sustainable and cutting-edge transportation solutions."The air taxis pledge quieter flights, no emissions, and decreased operating costs in comparison to traditional aircraft, it highlighted. The air taxis will have the ability to travel up to 600 kilometers, allowing passengers to fly from Delhi-NCR to Lucknow, as well as other state capitals and metropolitan city airports.Trouve Innovation Hub Inc. will help secure the necessary funding for the project by utilizing their wide network of private investors, government funding, and institutional support. This will allow Darsh Dronobotics Systems to speed up development and move the hydrogen air taxi closer to being commercialized. Bharat Petroleum Corp. is in talks with lenders to raise about Rs 32,000 crore ($3.8 billion) in what could be the biggest local-currency loan in the country this year, according to people familiar with the matter.The state-run oil company has already received expressions of interest, with the nation's largest lender, State Bank of India, set to lead the transaction, the people said, asking not to be identified because the deliberations are private.The proposed deal would help expand one of India's biggest refiners when the country is boosting its petrochemical capacity to keep pace with growing plastics consumption. Banks' heightened interest also reflects their eagerness to increase lending to large corporates, broadening their credit business beyond small to midsize companies.The people said that Punjab National Bank, Bank of Baroda, and Bank of India are some of the other lenders on the 15-year loan, and more may join. One person said it may be priced around the 8.4% level.The people said the loan would be used for the company's expansion of its Bina refinery in the central Indian state of Madhya Pradesh. BPCL is investing Rs 49,000 crore to build an ethylene cracker plant at the refinery.
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