Olectra Greentech Limited, a leading provider of sustainable transportation solutions, has announced the acquisition of a significant contract from the Assam State Transport Corporation (ASTC). The company has been awarded a Letter of Award (LOA) for the supply of 10 Electric Buses on an outright basis.
The details of the contract are as follows:
- Entity Awarding the Contract: Assam State Transport Corporation (ASTC)
- Nature of Contract: Supply of 10 Electric Buses on an outright basis
- Domestic Operations: The contract pertains to domestic operations within India.
- Delivery Timeline: The Electric Buses are scheduled to be delivered within 90 days from the date of the contract.
- Contract Value: The total value of the contract amounts to approximately Rs. 15.14 Crores for Olectra Greentech.
- Related Party Transactions: The contract does not fall within related party transactions.
Commenting on the development, P. Hanuman Prasad, Company Secretary & Compliance Officer of Olectra Greentech Limited, stated, “We are pleased to announce the acquisition of this contract from the Assam State Transport Corporation. This further solidifies our position as a key player in the transition towards sustainable and eco-friendly transportation solutions in India. We remain committed to delivering high-quality products and services that contribute to a greener future.”
The award of this contract underscores Olectra Greentech’s dedication to providing innovative and environmentally-friendly solutions to meet the evolving needs of the transportation sector.
