Tata Power, one of India's largest electric vehicle charging solutions providers has collaborated with Rustomjee Group, the leading real estate developer, to provide end-to-end EV charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR).
Under this collaboration, Tata Power will install dedicated charging infrastructure for residents of Rustomjee in Mumbai MMR. EV owners will have the access to a 24x7 charging facility along with maintenance support. Customers can connect through the Tata Power EZ Charge mobile application for all services including remote vehicle charging monitoring & e-payments. The partnership will enable Rustomjee residents' access to a uniform and ubiquitous EV charging experience.
This customized EV charging solutions form the infrastructure backbone for a growing EV ecosystem and provide customers access to energy-efficient options with ease. The company through its Tata Power EZ Charge offering has already set up over 100 EV charging points in Mumbai and over 1300 charging points across the country.
Talking about the collaboration, Mr. Sandeep Bangia, Head- EV, Tata Power said, "We are happy to partner with Rustomjee Group and feel our collaboration will hasten the transition to EV adoption in Mumbai. It's a step towards decarbonizing the transportation sector and making EVs more mainstream."
Mr. Haroon Siddiqui, Vice-President - Corporate Head, MEP, Rustomjee Group, said, "At Rustomjee, we are always looking at working towards building a sustainable society for all of us to co-exist in, this collaboration is yet another step in that direction. We are happy to collaborate with Tata Power and work towards co-creating a better future for all of us. This association is a small step towards the larger goal of a carbon-free tomorrow".
Tata Power has been rapidly setting up EV charging infrastructure across the country, helping India adopt environment-friendly mobility. The company already has a partnership with Apollo Tyres, HPCL, TVS Motors, amã Stays & Trails and others to set up and enhance the EV charging infrastructure. The company has deployed over 1300 EV charging points across different cities under the EZ Charge brand along with a digital platform to facilitate an easy & smooth customer experience.
The Rustomjee Group has delivered 20 million sq. ft. of space, 280+ buildings and 14,000+ homes. Through all its endeavors and projects, Rustomjee is committed to building a better tomorrow.
It is noteworthy here that road transport is one of the largest contributors to global carbon emissions. With vehicular emissions being a growing source of pollution in Maharashtra, the Government of Maharashtra recently announced its plans to aggressively develop EV charging infrastructure in the state. This partnership will certainly play a major role in fulfilling the Government's agenda of decarbonizing transportation in the state.
Shares of Tata Power Company Limited was last trading in BSE at Rs. 239.55 as compared to the previous close of Rs. 241.35. The total number of shares traded during the day was 1799856 in over 24596 trades.
The stock hit an intraday high of Rs. 243.90 and intraday low of 237.50. The net turnover during the day was Rs. 432412811.00.