Gensol Engineering Limited Secures LOI to provide 300 Electric Vehicles on Operational Lease with Fleet Management Services for a 5-year period.
Gensol Engineering Limited has in the month of July, received a LOI from Odisha Renewable Energy Development Agency (OREDA) for Providing 300 Electric Vehicles with Fleet Management Service on an Operating Lease for 5 years.
Gensol Engineering Limited participated in this tender on behalf of its subsidiary Gensol EV Lease Private Limited to provide Electric Vehicles on Lease to OREDA and was declared a successful bidder as a part of the tendering process. The cumulative billing value of this tender is Rs 1,15,00,00,000 exclusive of taxes.
Gensol Engineering Limited is a part of the Gensol group of companies, which offers engineering, procurement, and construction (EPC) services for the development of solar power plants.