Indian Oil plans to set up 10k EV charging stations in India

09 Nov 2021 CW Team

Chairman of Indian Oil Corporation Limited (IOCL), S M Vaidya, told the media that it would set up 10,000 electric vehicle (EV) charging stations within the next three years in India to boost the EV ecosystem in the country.

Vaidya said that the company will support PM Narendra Modi's commitment to achieve net-zero emissions by 2070 under the initiative towards climate change. EV charging stations will be a small step for the EV system. He also committed more initiatives to increase renewables in the economy and reduce carbon intensity.

IOCL will soon unveil its net-zero emissions target. Large refiners, including India Oil, use enormous energy internally, mostly based on fossil fuels. Global oil majors like Bharat Petroleum (BP) and Shell are pledged to reach net-zero emissions by 2050.

Electric mobility is the main tool to fight against emissions that have risen disproportionately over the past years with the increased number of fossil fuel vehicles.

Fossil fuel-based retailers have begun to scale up their EV charging to ensure they have relevant supplies in future for new vehicle sales. This year in September, Hindustan Petroleum announced its plan to set up 5,000 EV charging stations in the next three years. BP plans to set up 1,000 EV charging stations. The joint venture partner of BP and Reliance Industries also plans to set up EV charging stations in the existing and new pumps.

Vaidya said that currently, Indian Oil has 448 EV charging stations and 30 battery swapping stations in India. The country plans to raise EV charging stations to 2,000 within one year and add 8,000 more in the next two years. These stations come up in their fuel stations. It also plans to invest Rs 150 crore to Rs 200 crore to build its EV network to benefit EV manufacturers and buyers.

Image Source

Also read: Tata Power reaches 1,000 EV charging station milestone in India

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..