Bharat Petroleum to invest ₹200 cr to setup 2000 EV charging stations

• On Wednesday, Bharat Petroleum Corporation Limited (BPCL) announced the investment of ₹200 crores to set up 100 fast electric vehicles (EV) charging corridors.

• These corridors will have nearly 2000 EV charging stations installed.

• These corridors will be set up along India's busiest 100 national highways.

• The first EV charging corridor has been recently set up along the Chennai-Trichi-Madurai highway with one charging unit.

• "Given this cost variance, we have budgeted for around Rs 200 crore investment this fiscal as we plan to set up as many as 2,000 fast-charging stations across 100 corridors by March 2023," BPCL Executive Director P S Ravi said.