Sun Mobility-Indian Oil JV to scale up battery swapping: Chetan Maini
Chetan Maini, the founder of India's first electric car, says range anxiety and charging infrastructure challenges motivated him to get into battery swapping.
Chetan Maini, the founder of India's first electric car, says range anxiety and charging infrastructure challenges motivated him to get into battery swapping.
The company's revenue from operations also fell by 3.06% to ₹2,23,649.85 crore in Q4FY24
Indian Oil is anticipating a rise in demand for batteries for two- and three-wheeler vehicles and energy storage systems in the Indian market
In FY23, India spent $157.5 billion on importing 232.7 million tonnes of crude oil.
High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India, says Moody's.
Shares of Indian Oil Corporation Ltd rose as much as 4% to ₹87.65 apiece on the NSE
The JV agreement between the two PSUs is in line with the central government’s decarbonisation push towards a low carbon future and net zero emissions.
The debutant that ranks at No.2 on Fortune 500 India list comes with a rich legacy, but post-listing it needs to prove its chops.
Elite top 500 club of India Inc. records best-ever topline growth of 35% to ₹119 lakh cr and impressive 60% jump in profit to ₹9.97 lakh cr. Hyper-growth narrative may, however, change next year.
The smallcap stock has nearly doubled to ₹2,982.60 in intraday today, from its 52-week low of ₹1,500.70 on July 29, 2022.