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Hindustan Petroleum Corporation joins hands with MG Motor India

29 May 2024 Evaluate

Hindustan Petroleum Corporation (HPCL) has joined hands with MG Motor India to expand EV charging infrastructure across the country. As per the collaboration, HPCL and MG Motor India will together install 50kW/60kW DC fast chargers at key locations covering highways and cities across India.

The partnership focuses on providing convenience to EV users by increasing the availability of EV chargers during their long distance and intercity commutes. Furthermore, HPCL aims to install 5,000 electric vehicle charging stations by December 2024. Through this partnership with MG Motor India, HPCL shall leverage the vehicle base of MG to increase the utilisation of its chargers installed across India.

Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.


Peers
Company Name CMP
Reliance Industries 1226.00
Indian Oil Corpn. 135.80
Bharat PetroleumCorp 307.55
HPCL 351.50
MRPL 164.85
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