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HPCL enters into two-year MoU with EESL

31 Dec 2019 Evaluate

Hindustan Petroleum Corporation (HPCL) has entered into a two-year memorandum of understanding (MoU) with Energy Efficiency Services (EESL), a joint venture of four national public sector enterprises under the Ministry of Power, for setting up public charging infrastructure as part of the National Electric Mobility Programme. The MoU covers collaboration for planning, development and installation of charging facilities at suitable locations for two, three, and four-wheeler vehicles.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.10
Bharat PetroleumCorp 294.50
HPCL 346.50
MRPL 172.90
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