Hindustan Petroleum Corporation Limited (HPCL) has signed an agreement with NICDC Logistics Data Services Ltd. (NLDS) to integrate its APIs with the Unified Logistics Interface Platform (ULIP). This collaboration marks a significant step toward enhancing transparency, operational efficiency, and innovation within India’s logistics sector.
The HPCL API integrated with ULIP provides real-time fuel station and pricing visibility, offering detailed information on HPCL fuel stations across India. This tool is designed to address key logistics challenges, such as unclear refuelling options and fluctuating fuel costs along various routes. By leveraging this data, logistics service providers, traders, and transporters can optimise their operations, reducing costs and inefficiencies.
With improved visibility into fuel station locations, logistics operators can avoid unplanned stops, ensuring smoother and more efficient operations. Fleet operators can plan long-haul trips more effectively by identifying fuel stations along major routes, minimizing downtime and ensuring timely deliveries.
The integration’s impact is already being felt, as over 10 participants in the ongoing ULIP Hackathon 2.0 have chosen HPCL’s API to develop innovative solutions. These include dynamic route optimization platforms, fuel cost calculators, and heat maps highlighting fuel station density along key routes. These solutions demonstrate the potential of HPCL’s API to drive operational improvements and foster innovation within the logistics sector.
This partnership between HPCL and ULIP underscores their shared vision of creating a smarter, more efficient logistics ecosystem. By providing real-time data and enabling seamless access to critical resources, the integration empowers stakeholders, drives innovation, and significantly improves operational efficiency in India’s logistics and supply chain industry.
Speaking at the signing ceremony, Shri Rajat Kumar Saini, Chairman, NLDS, stated, “The integration of HPCL’s APIs into ULIP will provide logistics operators with the tools needed to make data-driven decisions that directly impact their bottom line. By enabling route-specific fuel cost analysis and visibility into fuel station locations, we are addressing key pain points in the logistics sector. This is a critical step in ULIP’s mission to unify and digitize India’s supply chain ecosystem.”Further, Shri Avinash Jain of HPCL, emphasized that this integration reinforces HPCL’s commitment to leveraging technology to provide innovative solutions for the logistics industry.
On December 17, 2024, HPCL share price opened at ₹408.00 and touched the day high of ₹409.90 at 09:45 AM.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 17, 2024, 9:47 AM IST
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