Announced Mon, 27 Jul · 09:06 IST
Associate EIM ties up with HPCL for EV charging at fuel stations
RELTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹171.99
prior close
₹173.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.0+2.7+2.1+1.4——————————
Up moveDown movePending
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.