Associate EIM ties up with HPCL for EV charging at fuel stations

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.2%Reaction day

₹171.99

prior close

₹173.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-0.1% vs market

Other Electrical Equipment peers, median of 50sector+0.3%+0.8% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.8 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.0

10m

+2.7

15m

+2.1

30m

+1.4

Sessions after the filingfrom the prior close

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Reaction day

+1.2+1.3-0.1+0.3+0.8

Next day

+1.6+0.0+1.5-1.5+3.0

+0.6+0.5+0.1-1.2+1.8

-0.6-0.1-0.5-2.5+1.9

-1.2+1.0-2.2-1.2+0.0

-4.3+2.4-6.7+0.6-4.9

+0.0+4.1-4.1-0.4+0.4

15d

-6.4+5.1-11.4-1.1-5.3

-9.0+5.8-14.9-1.8-7.2

-13.5+4.5-18.0-4.6-9.0

-24.0-2.4-21.7-12.5-11.5

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 50Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ravindra Energy's associate Energy In Motion (EIM) signed a deal with HPCL to set up battery swapping and fast charging hubs at HPCL's 25,000 plus fuel stations for electric heavy commercial vehicles. Phased rollout planned on Mumbai-Pune, Delhi-Jaipur and Chennai-Bangalore corridors over 18 to 24 months. EIM already operates 6 swap stations in Delhi-NCR and JNPA port and targets 40 stations by March 2027.

Likely market impact

Positive signal as HPCL tie-up gives nationwide scale; indirect benefit to Ravindra Energy through its associate stake in EIM.