Tata Power inks pact with NAREDCO to install 5,000 EV charging points across Maharashtra

29 Apr 2022 , 11:29 AM

Tata Power Company Limited, India’s leading electric-vehicle charging infrastructure provider, has announced its collaboration with the National Real Estate Development Council (NAREDCO), Maharashtra to install up to 5,000 EV charging points across its member’s developer properties.

The company signed the MoU at The Real Estate Forum, 2022 in Mumbai in the presence of Shri Aaditya Thackeray, Hon’ble. Minister of Tourism & Environment, Govt. of Maharashtra. This move will boost EV adoption in the state.

Tata Power seeks to provide a comprehensive EV charging solution across member developers of NAREDCO.

The scope of MoU includes installation, maintenance, and upgradation of the chargers as and when required. EV owners across NAREDCO’s member developers’ properties will have access to 24×7 vehicle charging, monitoring, and e-payments facilities through Tata Power’s EZ Charge mobile app.

The collaboration is a major step toward reducing carbon emissions and accelerating e-mobility adoption across Maharashtra.

“We are grateful to the Government of Maharashtra for enabling Tata Power’s and NAREDCO’s collaboration to accelerate the expansion of EV charging infrastructure across the state. The move will put an efficient electric vehicle ecosystem closer to the end-user, allowing us to contribute to the national aim of a rapid transition to green mobility,” said Dr. Praveer Sinha, CEO & MD, Tata Power.

These chargers will be made available as Public/ Semi-Public Charging Stations based on the nature of the premises. This will help commuters easy access to the chargers, thereby encouraging them to use electric vehicles.

Tata Power is currently trading at Rs248.70 up by Rs0.35 or 0.14% from its previous closing of Rs248.35 on the BSE. The scrip opened at Rs250.95 and has touched intraday high and low of Rs253.25 and Rs247.35 respectively.