Blue Dart collaborates with Skye Air for drone delivery service

Shares of Blue Dart Express gained nearly 3% to trade at an intraday high of ₹8049.95 apiece on the BSE. The stock witnessed marginal gains of up to 1.22% on the NSE and touched an intraday high of ₹7,975.05 apiece.

In a stock exchange filing on June 19, Blue Dart informed the bourses that the company had launched its drone delivery service in collaboration with drone manufacturer Skye Air. The new service is aimed at providing cleaner and more efficient delivery solutions.

The collaboration builds upon the previously conducted trials held in Telangana and Hyderabad in September 2021. The company added that while the drone delivery service initially focuses on growing the e-commerce sector, the service is also aimed at revolutionising last-mile delivery by offering same-day delivery.

The company informed the exchanges on May 29 that it has expanded its electric vehicle fleet to reduce its carbon footprint. The company currently has 480 electric vehicles in its fleet. Blue Dart said that the initiative is in line with the company’s net zero carbon emission goal. The company said that the integration of electric vehicles into the courier company’s fleet is slated to yield substantial environmental benefits in the form of a reduction of 15.05 tonnes of CO2 emissions per month.

Last month, the logistics firm informed the stock exchanges that July 12 would be the record date for the payment of dividends for the financial year ended March 31, 2024. Blue Dart said that if approved, the dividend will be paid within 30 days of the ensuing Annual General Meeting.

Blue Dart Express Ltd is an integrated transportation and distribution company that offers delivery services to over 55,400 locations in India. The company is a part of the DHL Group. Blue Dart accesses a logistics network comprising over 220 countries and territories.

Blue Dart’s shares closed 2.27% lower at ₹7,700 apiece on the NSE.