₹800 cr sanctioned for installing 7,432 fast-charging EV stations

The Ministry of Heavy Industries has sanctioned ₹800 crore under FAME India Scheme Phase II to three PSU oil marketing companies for setting up 7,432 public fast-charging electric vehicle (EV) stations across the country. The ministry has released ₹560 crore or 70% of the total amount to three OMCs—Indian Oil, Bharat Petroleum and Hindustan Petroleum—as the first instalment.