Oil companies venture into EV charging race for future

20 Jul 2021 CW Team

To keep up in the race for renewable energy and electric vehicles (EVs), oil companies are venturing into the EV charging race with an aim to expand in the renewable energy space.

As we have reported earlier, Hindustan Petroleum Corporation (HPCL) and Tata Power signed a deal to set up end-to-end EV charging stations at HPCL's retail outlets and various cities and highways in the country.

According to the agreement, Tata Power will provide EV charging infrastructure at HPCL petrol pumps for EV owners. The charging system is enabled with Tata Power EZ charge mobile app, making the experience seamless for EV owners.

The oil marketing giant, Indian Oil Corporation (IOCL), has set up 257 charging stations and 29 battery swapping stations across the country. It is also working with a foreign technology company on aluminium air battery technology to put up its manufacturing centre in India.

Availability and development of electric vehicles for EV charging infrastructure is a key requirement for the proliferation of EVs in India, and oil companies with foreign partnerships plan to facilitate the same to expand their business.

They aim to be with the government's National Electric Mobility Mission Plan (NEMMP) to develop EV charging infrastructure using the latest technology with easy access to electric vehicles for charging stations.

To curb oil imports and pollution, the government is pushing solar and wind energy, along with electric vehicles, to meet its commitments under the Paris accord on climate change. As per the accord, India aims to reduce carbon dioxide emissions relative to its gross domestic product by 33-35% from 2005 levels by 2030.

Bharat Petroleum Corporation (BPCL) has also shortlisted oil depots and LPG bottling plants to set up rooftop solar plants.

It is expected that rooftop solar plants would reduce conventional electricity and also the emission of greenhouse gases.

Image Source

Also read: Tata Power inks pact with HPCL for end-to-end EV charging stations

To keep up in the race for renewable energy and electric vehicles (EVs), oil companies are venturing into the EV charging race with an aim to expand in the renewable energy space. As we have reported earlier, Hindustan Petroleum Corporation (HPCL) and Tata Power signed a deal to set up end-to-end EV charging stations at HPCL's retail outlets and various cities and highways in the country. According to the agreement, Tata Power will provide EV charging infrastructure at HPCL petrol pumps for EV owners. The charging system is enabled with Tata Power EZ charge mobile app, making the experience seamless for EV owners. The oil marketing giant, Indian Oil Corporation (IOCL), has set up 257 charging stations and 29 battery swapping stations across the country. It is also working with a foreign technology company on aluminium air battery technology to put up its manufacturing centre in India. Availability and development of electric vehicles for EV charging infrastructure is a key requirement for the proliferation of EVs in India, and oil companies with foreign partnerships plan to facilitate the same to expand their business. They aim to be with the government's National Electric Mobility Mission Plan (NEMMP) to develop EV charging infrastructure using the latest technology with easy access to electric vehicles for charging stations. To curb oil imports and pollution, the government is pushing solar and wind energy, along with electric vehicles, to meet its commitments under the Paris accord on climate change. As per the accord, India aims to reduce carbon dioxide emissions relative to its gross domestic product by 33-35% from 2005 levels by 2030. Bharat Petroleum Corporation (BPCL) has also shortlisted oil depots and LPG bottling plants to set up rooftop solar plants. It is expected that rooftop solar plants would reduce conventional electricity and also the emission of greenhouse gases. Image Source Also read: Tata Power inks pact with HPCL for end-to-end EV charging stations

Infrastructure Energy

14 Oct 2025

BPCL, RBML Join Hands To Boost CNG And City Gas Network

Bharat Petroleum Corporation Ltd (BPCL) and Reliance BP Mobility Ltd (RBML) have entered into a strategic collaboration to expand their footprint in city gas distribution (CGD) and compressed natural gas (CNG) sales across India. RBML, a 50:50 joint venture between Reliance Industries Ltd and BP Plc (UK), operates in the mobility segment under the Jio-bp brand. The partnership seeks to enhance the reach of cleaner, more affordable fuel options while advancing India’s transition towards a gas-based economy. Rahul Tandon, Business Head – Gas at BPCL, said the partnership would help “deli..

Infrastructure Energy

14 Oct 2025

India To Launch National Stockpile For Rare Earth Minerals

The Indian government is preparing to launch the National Critical Mineral Stockpile (NCMS), a strategic initiative designed to secure the nation’s access to rare earth elements essential for clean energy, defence, and high-technology manufacturing, according to a report by The Economic Times. The move follows China’s recent export restrictions on rare earth magnets — critical components used in electric vehicles (EVs), wind turbines, and advanced electronics — which have disrupted global supply chains and highlighted India’s import dependence. A senior government official told ET ..

Infrastructure Urban

14 Oct 2025

SBI Processes Rs 744 Billion In Digital SME Loans

The State Bank of India (SBI) has processed Rs 744.34 billion in digital loans for small and medium enterprises (SMEs) across 225,000 accounts under its SME Digital Business Loans programme up to August 2025, the bank announced on Friday. This total includes 67,299 MSME Mudra loans amounting to Rs 32.42 billion. Launched in FY24, the SME Digital Business Loans platform allows MSME entrepreneurs to apply online for credit requirements of up to Rs 50 million. In a statement, SBI said, “MSME advances have been identified as a key growth and profitability driver for the next five years. This ..