Zetwerk Bags Contract to Install 1,400 EV Fast Chargers from Indian Oil

The chargers will be capable of simultaneously charging two EVs

April 1, 2024


Bengaluru-based Zetwerk, an industrial and consumer infrastructure firm, has won a contract to set up over 1,400 electric vehicle (EV) fast chargers for Indian Oil Corporation (IOCL) across the country.

The fast chargers, with capacities ranging from 50-60 kW and 100-120 kW, will be capable of simultaneously charging two EVs using dynamic load-sharing technology. These DC dual gun Combined Charging System 2 (CCS2) DC chargers will be installed in major cities and key highways to enhance accessibility and convenience for EV drivers, the company said.

The partnership will help IOCL, one of India’s largest fuel retailers, provide consumers with clean energy options that reduce their carbon footprint.

“This prestigious partnership with Indian Oil is very significant for Zetwerk’s vision for revolutionizing EV charging infrastructure in India,” said Abhay Adya, Business Head of Renewables at Zetwerk. “By conveniently locating these stations in major cities, we will enable widespread adoption of EV mobility and drive the nation towards a sustainable future.”

The company was previously involved in setting up Bangladesh’s largest solar power project.

Last year, the union government sanctioned ₹8 billion (~$96 million) under FAME India Program Phase II to the public-sector oil-marketing firms to install 7,432 fast charging stations nationwide. IOCL was responsible for setting up a total of 3,483 fast charging stations, including upstream infrastructure like AC distribution boxes, circuit breakers, protection equipment, mounting structures, and fencing. Of these, 2,707 EV chargers will have a capacity of 50-60 kW, while 731 chargers will have a 100-120 kW capacity.

Last month, Maharashtra invited bids from prospective empanelment agencies to set up 350 EV charging stations in the state.

Convergence Energy Services Limited also invited bids for selecting a managed service partner for the operations, management, maintenance, and security of 31 public service EV charging stations across Noida.

EV sales in India reached a record 486,669 units in the first quarter of 2024, a jump of over 40% year-over-year against the 347,676 units sold in the same period of 2023.