Statiq to supply 253 chargers for 4 highway projects in Rajasthan

06 Jan 2023 CW Team

Statiq, a leading electric vehicle (EV) charging network, recently received a contract from Rajasthan Electronics & Instruments Ltd. (REIL) to deliver 253 fast chargers for four critical highway projects connecting Agra and Lucknow, Meerut and Goghotri, Chennai and Bellary, and Mangaldai and Wakro. Statiq will supply the chargers to the state-owned business, which will deploy them throughout the four motorway projects.

Several chargers are in operation in Jaipur, Beawar, Jaisalmer, Udaipur, and Jodhpur. Statiq's victory ensures an inexpensive, accessible, and dependable 4-wheeler charging network along these corridors. While this is an outright sale, Statiq stated in a press statement that it will maintain the general quality and upkeep of the equipment for the following three years.

The REIL demand for this tender is a mix of 210 fast chargers with more than 50kW charging capacity and another 43 fast chargers with more than 100kW charging capacity that will charge 4-wheelers quickly.

Statiq has received more than Rs 2 billion in Series 'A' investment. It has partnered with Hero Electric as well as EV manufacturer Ather to expand the integrated EV charging network in the northern states. Statiq's most recent proposal is the next step in expediting this process. Statiq hopes to establish a 20,000-strong charging network by the end of the year, according to the release.

Also Read
Greenfield Airport in Rajkot to be operational by 2023 end
Kanjurmarg Metro Depot yet to get approval

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..