Servotech bags order worth Rs 120 crore from BPCL to set up 1,800 EV charging stations

Servotech Power Systems Ltd (SPSL) has bagged an order worth Rs 120 crore from Bharat Petroleum Corporation Limited (BPCL) to install 1,800 fast EV charging stations across various locations in India.

Under the project, the company will set up two charger variants - 60 kW and 120 kW. Servotech said that it aims to complete this project by the end of this year.

"This initiative aims to establish e-mobility touchpoints, optimizing transactions, improving availability, simplifying discovery, and facilitating navigation for EV users. The overarching goal is to ensure convenient access to the expanding EV charging network," the company said in an exchange filing.

"Through cutting-edge DC Fast EV chargers, we aim to play a pivotal role in realizing India's ambitious goals in the E-Mobility sector, bringing the nation closer to becoming an EV-powered nation," Sarika Bhatia, Director of Servotech Power Systems said.

Servotech Power Systems develops tech-enabled EV charging solutions.