Vasai Virar City Municipal Corporation orders 40 electric buses from Olectra Greentech
Olectra Greentech Limited announced the achievement of an important milestone in their career. Olectra Greentech Limited has been awarded a Letter of Award (LOA) for supplying and maintaining 40 electric buses by Vasai Virar City Municipal Corporation, Mumbai.
Approximately Rs. 62.80 crores have been committed to this substantial contract involving purchasing and delivering 40 electric buses for seven months. A domestic entity has been awarded the contract, Vasai Virar City Municipal Corporation.
Under the outlined terms and conditions, Olectra Greentech Limited has been successful in securing this contract. In the letter of award, the company is to provide 40 electric buses on an outright sale basis, along with maintenance services for three years.
Seven months are scheduled for the completion of the contract, during which Olectra Greentech Limited will deliver these electric buses to Vasai Virar City Municipal Corporation to meet its requirements.
Olectra Greentech Limited and Vasai Virar City Municipal Corporation have signed a contract valued at Rs. 62.80 crores. This contract underscores the scale and significance of their partnership.
As an organization committed to delivering sustainable and innovative solutions, Olectra Greentech Limited is looking forward to the successful completion of this contract and the delivery of a high-quality electric bus.
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