Indian Oil to set up solar-powered EV charging stations

23 Nov 2020 Editorial Team

Based on its successful study on a “proof of concept” on “zero-emission electric mobility”, Indian Oil will set up solar-power based electric vehicle (EV) charging stations that allow the EV to charge using solar power.

Designed by Hygge Energy, a start-up incubated by Tech Mahindra, the main features of the solar-powered EV charging system are:

No upgrades required in grid infrastructure
EVs charged with solar power, and
Improved grid resilience, especially in remote areas.
The technology uses hybrid microgrids, created by integrating existing grid infrastructure with solar PV batteries.

Indian Oil said that the company has already set up 54 battery charging/swapping stations for EVs in partnership with various companies as a part of Indian Oil’s foray into alternative energy, adding that to set up an aluminium-air battery manufacturing facility in India, the company has taken a minority stake in Phinergy of Israel for electric vehicles and stationary applications. IOC said that the company’s clean energy agenda includes its renewable energy portfolio of 226 MW (58 MW of solar photovoltaic capacity and 168 MW of wind-power capacity) that generated 393 million units of electricity together during FY20.

This is equivalent to emission mitigation of 5% of the company’s electricity consumption and 322 TMT of carbon dioxide (TMTCO2e). A company official further added that they have initiated diversification into alternative, renewable energy and biofuels: 2G and 3G ethanol, waste-to-energy and compressed biogas (CBG), with 16,700 (over 55%) Indian Oil fuel stations having already been converted to operate on solar energy with a cumulative installed capacity of over 92 MW.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..