Okaya Power will supply, install and commission over 4244 multi-standard EV charging stations with CCS, CHAdeMO, Type-2 and Bharat specification protocol for REIL. Such large-scale infrastructural growth in the country will bring in newer opportunities and drive the demand for wires and cables.
January 8, 2021
Okaya Power has bagged a contract from state-owned Rajasthan Electronics and Instruments Limited (REIL) for setting up 4244 multi-standard EV (electric vehicle) charging stations across the country. This is the second such contract won by the company from REIL in about a year’s time.
Last year, the company had given a contract to Okaya for supply, installation and commissioning of over 200 multi standard EV chargers in all metro cities and major highways, starting with Delhi-Jaipur-Agra and Mumbai-Pune.
The pandemic had significantly disrupted the auto industry, causing rapid decline in sales. However, with recent announcements and automaker’s plans to launch new electric vehicles in 2021 and beyond — the segment has been gaining momentum. Recently, Ola has signed MoU with Tamil Nadu government for an INR 2400 crore investment to set up the world’s largest e-scooter manufacturing plant in Hosur. The upcoming EV launches and installation of EV charging stations are expected to fuel the demand for EV wires and cables in India.