Consortium of Olectra Green tech Limited ("Olectra/Company") and Evey Trans Private Limited ("EVEY") has received a Letter of Intent ("LOI") from Maharashtra State Road Transport Corporation (MSRTC) relating to Supply, Operation and Maintenance of 5,150 Electric Buses and allied Electrical and Civil Infrastructure on Gross Cost Contract Basis. Name of the entity awarding the order(s)/contract(s); Maharashtra State Road Transport Corporation (MSRTC). Significant terms and conditions of order(s)/contract(s) awarded m brief; Consortium of Olectra and EVEY has been awarded with a Letter of Intent from MSRTC relating to Supply, Operation and Maintenance of 5, 150 Electric Buses and allied Electrical and Civil Infrastructure on Gross Cost Contract Basis. This order for supply of 5, 150 Electric Buses are to be on Gross Cost Contract (GCC) /OPEX model basis for a period of 12 years (Contract Period) respectively. EVEY shall procure these buses from Olectra Greentech Limited ("Olectra") and which shall be delivered over a period of 24 months. Value of these 5, 150 Electric Buses supply would be approximately INR 100,000 million for Olectra. Maintenance of these buses shall also be undertaken by the Olectra during the Contract Period.
Time period by which the order(s)/contract(s) is to be executed; These Buses shall be delivered over a period of 24 months.