PVV Infra Limited announced that at its board meeting held on October 23, 2023, the board approved the setting up and operating of the EV Charging stations for Electronic Vehicles at various locations in Pan India level. The primary agenda for this meeting was to discuss and decide on the proposal to set up and operate Electric Vehicle (EV) Charging Stations at various locations across India. The Board of Directors discussed to explore and leverage on the opportunities in EV Charging stations in Indian Market.

The Government of India is planning to make tremendous shift to electric vehicles by 2030 to 2035 all new vehicles to be 100% electric. A robust network and accessible network of EV charging infrastructure is an essential requirement for accomplishing the enterprising transition. Proposal for Setting Up EV Charging Stations presented the proposal, highlighting the following key points: The need for EV infrastructure is growing rapidly, with an increasing number of EVs on the road in India.

The potential for revenue generation from EV charging services. The positive environmental impact of promoting electric mobility. An overview of the proposed locations for the charging stations.

After a thorough discussion, the Board agreed that setting up EV charging stations aligns with the company's long-term goals and mission to support sustainable development. In view of the better prospects and huge demand in the near future, the Company is engaging and entering into agreements with various companies for setting up the EV Charging stations across PAN India level. The Company is in the process of identifying locations viz.

Petrol Pumps, Public Places, Parking (Residentials & Commercials), State Transport Depots, Highways etc. and also in discussion with various industry experts, consultants & equipment leasing & financing Companies - NBFCs, Banks & Private Finance companies for the initial phase of its implementation. The Company is also exploring means of availing subsidies provided by the central and state governments for setting up of EV Charging stations.