June 6, 2022
2 mins read

Public sector OMCs in TN in bid to go green

The Oil Marketing Corporation officials told IANS that they are planning to create a demand for electric vehicles as an increase in the number of e-charging stations would increase the number of electric vehicle users….reports Asian Lite News

In a bid to go green, Public sector Oil Marketing Companies (OMCs) of Tamil Nadu will be setting up 900 e-charging stations in the state with Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation taking the lead.

Indian Oil Corporation (IOC) has 133 e-charging stations in Tamil Nadu and is planning to install 400 more e-stations by the end of this financial year. Hindustan Petroleum Corporation (HPC) will be setting up 175 more e-charging stations from the 79 it has now.

Bharat Petroleum Corporation (BPCL) will be installing 145 more e-charging stations by the end of this financial year.

The Oil Marketing Corporation officials told IANS that they are planning to create a demand for electric vehicles as an increase in the number of e-charging stations would increase the number of electric vehicle users.

An official with the Indian Oil Corporation (IOC) while speaking to IANS said, “Presently the e-charging stations in the state highways attached with the fuel stations are getting only a handful of recharging, but with the increase in the number of e-charging stations, we are confident that the people will buy more electric vehicles as the availability of charging stations will help people recharge their batteries during the travel.”

Oil Marketing Company sources also said that the investment is expensive with around Rs 1 crore investment required per charging station. There are fast charging stations that are deployed at highways to cater to those travellers who need fast recharging during a long trip. Slow recharging is conducted in city-based charging stations.

However, the prices are not very nominal and not much profitable and the prices are presently fixed by individual dealers of the fuel outlets. The e-charging station owners want the government to provide more subsidies to those who buy e-vehicles as this would increase the carbon footprint and thereby increase the environmental conditions.

A senior official with an Oil Marketing Company while speaking to IANS said, “On this June 5, which is celebrated as World Environment Day, there should be a pledge that more sops are provided to the buyers of e-vehicles to increase its sales and thereby reducing pollution.”

ALSO READ: India adds  70,000 startups in 8 years

Previous Story

India, Qatar Launch Start-Up Bridge

Next Story

‘Unwarranted and narrow-minded’: India hits back at OIC comments

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop

Don't Miss

India participates in BRICS FMs Meet in Russia

Russian Foreign Minister Sergey Lavrov opened the BRICS Ministerial with

India steps in to bail out Lanka

Facing bankruptcy fears Sri Lanka gets India’s backing. External Affairs