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PGCIL board okays Rs 14.23-cr EV charging station, creation of telecom, digital arm, Auto News, ET Auto

by Gias
October 12, 2021
Reading Time: 2 mins read
0
PGCIL board okays Rs 14.23-cr EV charging station, creation of telecom, digital arm, Auto News, ET Auto

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PGCIL approved investment of Rs 14.23 crore for an electric vehicle charging station in Navi Mumbai.
PGCIL permitted funding of Rs 14.23 crore for an electrical automobile charging station in Navi Mumbai.

State-owned Energy Grid Company of India Ltd’s (PGCIL) board on Tuesday okayed an funding of Rs 14.23 crore for an electrical automobile charging station in Navi Mumbai and to create an arm to undertake telecom and digital know-how companies.

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The board in its assembly on Tuesday permitted the funding approval for “organising of electrical automobile charging station in Navi Mumbai underneath the FAME India Scheme Part-II” at an estimated price of Rs 14.23 crore, in line with a BSE submitting.

It added that the commissioning schedule is 12 months for the charging station and 24 months for different infrastructures resembling kiosks and bathrooms from the date of settlement to be signed between POWERGRID and Navi Mumbai Municipal Transport (NMMT).

It additionally acknowledged that the board permitted the incorporation of a wholly-owned subsidiary of PowerGrid to undertake its telecommunications and digital know-how enterprise.

Additionally Learn:

The Central authorities have already framed a Nationwide Electrical Mobility Mission Plan, which goals at selling hybrid and electrical autos within the nation

The brand new liberalised rule permits any entity with a minimal web value of Rs 250 crore to use for authorisation to retail petrol and diesel.

Comply with and join with us on Twitter, Fb, Linkedin, Youtube



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