Latest news with #HPCL
Time of India
a day ago
- Business
- Time of India
Statiq ties up with HPCL to add 5,100 EV chargers
Statiq and Hindustan Petroleum Corporation Limited (HPCL) have announced a partnership to integrate HPCL's EV charging network onto Statiq's EVLinq platform, adding over 5,100 chargers, including 2,900 DC fast chargers. The integration aims to provide real-time visibility and seamless access to HPCL's charging stations through the Statiq app, streamlining the charging experience for EV users. This collaboration supports the Government of India's PM eDrive initiative and strengthens Statiq's position in the EV charging ecosystem. Raghav Arora, Co-founder & CTO of Statiq, said "We are thrilled to welcome HPCL's extensive charging network onto the Statiq platform. This partnership not only adds scale to our network but also reinforces our mission to make EV charging seamless and convenient for every Indian EV owner. EVLinq is designed to power such nationwide integrations, and we're excited about what this means for the future of EV mobility in India." EVLinq supports multiple Charge Point Operators (CPOs) and eMobility Service Providers (eMSPs). It is becoming the digital backbone of India's EV charging ecosystem.
Time of India
a day ago
- Business
- Time of India
Statiq partners with HPCL to expand public EV charging access across India
New Delhi: Electric vehicle charging platform Statiq has integrated more than 5,100 electric vehicle (EV) chargers from Hindustan Petroleum Corporation Ltd (HPCL) onto its mobile application through its EVLinq platform, the company said. The partnership includes onboarding HPCL's existing and upcoming EV charging infrastructure, of which 2,900 are DC fast chargers. The chargers will be accessible via the Statiq app, which will allow real-time visibility, discovery, and navigation for EV users across India. HPCL operates over 23,000 fuel retail outlets in India and is expanding its EV charging footprint under the Government of India's PM eDrive scheme of the Ministry of Heavy Industries. 'Statiq's EVLinq platform will power the seamless aggregation and real-time visibility of HPCL chargers, enabling EV users to discover, navigate, and charge at HPCL stations effortlessly,' the company said in a statement. The EVLinq platform provides interoperability with multiple EV charging protocols and backend monitoring for charge point operators (CPOs) and e-mobility service providers (eMSPs). 'We are thrilled to welcome HPCL's extensive charging network onto the Statiq platform. This partnership not only adds scale to our network but also reinforces our mission to make EV charging seamless and convenient for every Indian EV owner,' said Raghav Arora, co-founder and CTO, Statiq. The company said this collaboration will strengthen the public EV charging ecosystem and support India's transition to electric mobility by enabling unified access and visibility of charging points.>
Economic Times
29-05-2025
- Business
- Economic Times
c HPCL, Canara Bank among top 4 trading ideas for 29 May 2025
The Indian market is likely to trade in the green on Thursday, tracking positive global cues. ADVERTISEMENT The Nifty future closed negatively with losses of 0.46% at 24,747 levels on Wednesday. India VIX fell 2.7% to close at 18.02 in the previous trading session. On the options front, the maximum Call OI is placed at 24,800 and then towards 25,000 strikes while the maximum Put OI is placed at 24,500 and then towards 24,700 strikes. Call writing is seen at 24,800 and then towards 25,300 strikes, while Put writing is seen at 24,750 and then towards 24,700 strikes. 'Options data suggests a broader trading range in between 24,300 to 25,300 zones while an immediate range between 24,500 to 25,000 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. 'Nifty formed a small bodied bearish candle and an inside bar on the daily frame on Wednesday,' he added. ADVERTISEMENT 'Now the index has to hold above 24,700 zones for an up move towards 24,900 then 25,100 zones else weakness could be seen towards 24,600 then 24,450 zones,' recommended Taparia. Deepak Fertilizers Ltd: Buy| Target Rs 1520| Stop Loss Rs 1390 ADVERTISEMENT HPCL: Buy| Target Rs 438| Stop Loss Rs 404 Canara Bank: Buy| Target Rs 117| Stop Loss Rs 107 ADVERTISEMENT Siemens: Buy| Target Rs 3495| Stop Loss Rs 3225 MFSL: Buy| Target Rs 1550| Stop Loss Rs 1475 ADVERTISEMENT Container Corp: Buy| Target Rs 800| Stop Loss Rs 755 Union Bank of India: Buy| Target Rs 150| Stop Loss Rs 139 (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
India.com
23-05-2025
- Business
- India.com
India will consume more oil than China, imports will increase, a lot of oil will be needed to...
India will consume more oil than China, imports will increase, a lot of oil will be needed to... While China has pushed the world's oil demand in the last decade, India is going to shoulder this responsibility in the next ten years. The latest report of rating agency Moody's shows that the demand for oil in China will decrease due to China's slowing economy and the rapidly increasing penetration of electric vehicles. However, the same report also says that it will definitely accelerate in the next 3-5 years and the demand for crude oil will reach its peak in China. During this period, the demand for oil in India is expected to increase at the rate of 3 to 5 percent every year. This difference will have a direct impact not only on the oil trade, but also on the energy security and economic strategy of both the countries. China and India are the second and third largest consumers of oil in the world, but a big difference is now clearly visible in the energy needs and policies of both. China's oil demand is now slowly slowing down, while in India, the demand for petrol-diesel and gas is increasing rapidly due to industrialisation, urbanization and the government's large investment in infrastructure. According to Moody's, India's oil consumption will not only grow faster than China, but its dependence on imports will also increase. India already meets 90% of its crude oil needs through imports, and about 50% of its gas also comes from abroad. If the decline in domestic production is not arrested, this dependence will increase further. In contrast, China is gradually trying to reduce its dependence on imports – it is investing heavily in increasing domestic production, shale gas and offshore projects. Also, Chinese companies are more integrated in the value chain, which reduces the volatility in their earnings. In India, state-owned companies such as IOC, HPCL and BPCL are now investing heavily in increasing refining capacity to meet domestic demand. India has a target to take its refining capacity to 309.5 million tonnes per annum by 2030, which is currently around 256.8 million tonnes. On the other hand, China's refining has already reached the limit set by the government, so there is less scope for expansion. Talking about gas, its demand in India can grow at the rate of 4-7% every year till 2030, especially due to the use of CNG and piped gas in cities and demand from industries like fertilizers and chemicals. However, the lack of gas infrastructure and cheaper alternatives like renewables can slow down its pace a bit. The report also shows that while China's policy is more in line with the market, in India oil prices and company earnings are more affected by government policies. This is the reason why the role of taxes and dividends received from the petroleum sector is big in India's government budget, while it is less in China. Need to work on climate policy India is currently lagging behind China in terms of climate policy. There is more pressure on Chinese companies to shift to green energy, while carbon regulation in India is still in its early stages. Overall, this Moody's report indicates that India is on its way to becoming the next big hub of the global oil market. But balancing this growth with challenges like energy security, import dependence and green transition will be the real test for India.
Time of India
19-05-2025
- Business
- Time of India
BPCL invests ₹88 crore to support over 30 startups: Hardeep Puri
New Delhi: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri , said on Monday that Bharat Petroleum Corp Ltd (BPCL) has so far invested ₹88 crore to support more than 30 startups in the fields of energy, healthcare, agriculture and AI. In a post on X social media platform, the Union Minister said that BPCL is empowering youth to become job creators and leaders. "India's startup ecosystem is booming, driving growth and innovation across multiple sectors," said Puri. BPCL's 'Project Ankur' is fuelling this momentum, guided by PM Narendra Modi's vision of an Atmanirbhar Bharat . ₹88 crore invested to support 30+ startups in energy, healthcare, agriculture and AI," the minister added. He further said that BPCL is ensuring breakthrough innovations like fuel-flexible turbines and carbon dioxide-to-methanol conversion. "Together, we are building an India that leads in innovation and opportunity," he noted. Earlier, the Union Minister informed that Hindustan Petroleum Corporation Ltd (HPCL) is fuelling the Indian startup ecosystem , and has invested ₹27 crore to empower 28 startups to date. HPCL's 'Udgam' initiative has raised ₹35 crore so far to support startups in the field of clean and green energy. "India's energy future is being shaped by innovation. HPCL's 'Udgam' initiative is empowering startups working on green hydrogen and ethanol, smart LPG cylinders and emission control, IoT solutions and cashless technologies and waste-to-energy and carbon capture," Puri posted on X social media platform. "Thanks to Prime Minister Narendra Modi's Startup India initiative, which continues to fuel innovation across the country," he added. Oil India Limited is also supporting 15 startups related to various fields like design of hydrogen fuel cell-based e-bus and design of wireless robot for oil well inspection and multi-functional oil and gas operations with a startup fund of ₹50 crore, the Union Minister informed.
