By Malvika Gurung
Investing.com -- The oil marketing company (OMC) Hindustan Petroleum Corporation Ltd (NS: HPCL ) has announced that it is working on plans for setting up electric vehicle charging stations across the country, in partnership with Tata Power Co. Ltd (NS: TTPW ), reports a syndicated wire feed.
The OMC further adds that it has signed agreements and MOUs with important companies, of which Tata Power is a major one. The oil major has already put in place the EV charging stations in some parts of the country, which it will be incrementing, working alongside Tata Power.
HPCL had stated in September 2021, its plans of enhancing EV charging facilities and targeted a total of 5000 retail outlets over the upcoming 4 years.
Tata Power had announced its partnership with HPCL in July 2021, when it had about 500 EV charging stations across 100 cities in the country.
In the last week of October 2021, Tata Power had reported exceeding the 1000-mark on successful installations of EV charging stations across the country.
The electric utility company has expanded its network of electric vehicle charging stations to over 1000 points spreading across 180 cities in the country and has set a target of installing about 10,000 charging stations on highways across the country.
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