Olectra Greentech Limited announces a significant milestone. The Vasai Virar City Municipal Corporation, Mumbai, has granted Olectra Greentech Limited a Letter of Award (LOA) for the supply and maintenance of 40 Electric Buses.
This substantial contract, valued at Rs. 62.80 Crores, encompasses the outright sale and delivery of the 40 Electric Buses over a period of 7 months. The awarding entity, Vasai Virar City Municipal Corporation, is a domestic entity.
Olectra Greentech Limited has successfully secured this contract based on the outlined terms and conditions. The LOA specifies that the company will supply 40 Electric Buses on an outright sale basis, coupled with maintenance services.
The execution of the contract is slated over a 7-month timeline, during which Olectra Greentech Limited will deliver these Electric Buses to meet the requirements of Vasai Virar City Municipal Corporation.
The value of this contract, standing at Rs. 62.80 Crores, underscores the scale and significance of the partnership between Olectra Greentech Limited and Vasai Virar City Municipal Corporation.
Olectra Greentech Limited, with its commitment to sustainable and innovative solutions, eagerly anticipates the successful execution of this contract and the delivery of high-quality Electric Buses.
