Afcom signs aviation fuel supply deal with HPCL
The agreement covers Jet A-1 supplies across HPCL’s nationwide aviation fuelling network to support Afcom’s current and future operations.
Afcom Holdings has signed a long-term Aviation Fuel Supply Agreement with Hindustan Petroleum Corporation Limited (HPCL), covering the supply of Jet A-1 aviation turbine fuel across HPCL’s pan-India aviation fuelling network.
The agreement, effective from September 1, 2026, is structured on IATA Model Terms and supported by a Location Agreement covering HPCL’s aviation fuel network in India. It will provide Afcom with a secured and competitively priced supply of aviation turbine fuel.
The agreement was executed by Deepak Parasuraman, Chairman and Managing Director, Afcom Holdings, and Amit Tandon, General Manager (Aviation), HPCL.
Under the agreement, HPCL will supply Jet A-1 fuel to support Afcom’s operational requirements across its aviation fuelling network in India. The partnership also provides quality assurance as per IS 1571:2008, streamlined coordination through a single supply framework and operational flexibility to support Afcom’s current and future network requirements.
Commenting on the development, Parasuraman said the long-term partnership with HPCL would provide Afcom with reliable fuel access, quality assurance and operational support as it expands its cargo network.
Sibi Mathew, Executive Director (Aviation), HPCL, said the company was pleased to partner with Afcom Holdings as it strengthens its presence in India’s growing cargo aviation segment. He added that HPCL would support Afcom’s growth across its airport network through its nationwide aviation fuel infrastructure and quality systems.
The fuel agreement comes as Afcom continues to expand its freighter operations. The company currently operates three Boeing 737-800 converted freighters and plans to increase its fleet to five aircraft by the end of 2026. Its international network covers Southeast Asia, the Maldives and the UAE, while it also operates domestic charter services.
Afcom has also been pursuing further international expansion. In September, the company executed a letter of intent with Boeing for the purchase of up to four 777-8F freighter aircraft. The LOI is subject to the finalisation of definitive documentation between the two parties. The planned aircraft are intended to support the expansion of Afcom’s network into the Far East and Africa.
The company’s expansion has followed a period of financial growth. Afcom reported an 86% year-on-year increase in profit after tax to ₹392.4 million in the first quarter of FY2026-27, while revenue from operations rose 48% to ₹1.761 billion. The quarter ended June 30, 2026.
During the quarter, Afcom also operated the first cargo flight at Noida International Airport with a Boeing 737-800 freighter on the Chennai-Noida-Chennai route, carrying around 20 tonnes of mixed cargo. In August, it shifted its freighter operations from Mumbai to Navi Mumbai International Airport and began three weekly services from Navi Mumbai to Dubai World Central.
Afcom received its air operator certificate in December 2024 and launched cargo services on the Chennai-Bangkok route later that month. The company currently operates Boeing 737-800 freighters connecting Chennai with regional markets including Bangkok, Colombo and Malé.
Kochat Narendran, who served as President of Afcom Holdings, stepped down from the role in September 2026, after nearly six years with the company. He joined Afcom in January 2020, when the company was developing plans to launch a cargo airline from Chennai.
Established in 2013, Afcom Holdings provides airport-to-airport cargo transport services across domestic and international markets, including ASEAN and Middle Eastern countries. HPCL is a Government of India Maharatna CPSE and its aviation business serves Indian and international airlines, business aviation, defence and general aviation customers across India’s airport network.
