Tata Power achieves milestone of setting up over 1000 EV charging stations

This is a big step towards achieving green mobility in India.

Tata Power has again delivered a milestone that it had promised its shareholders. This is a big step towards achieving the green mobility dream of India. With the rising prices of petrol and diesel, a need for EV vehicles was realized by customers. Tata Motors has been at the forefront when it came to delivering best-in-class EV cars. 

However, setting up EV stations is equally crucial to reaching sustainability goals. In July 2021, Tata Power and Hindustan Petroleum Corporation Ltd (HPCL) agreed to set up EV stations at HPCL’s petrol pumps across cities and highways. The EV stations are now accessible across 180 cities. The company has set the target of 10,000 EV charging points to further expand its reach. 

Tata Power is one of India’s largest integrated power companies. It is also the largest EV charging infrastructure solutions provider. The stock today closed at Rs 213.6 down by 3.85 per cent. However, it has been a multibagger stock of the year as it has delivered a return of 294 per cent YTD. It has a 52-week high of Rs 269.70 and a 52-week low of Rs 51.65.