Gensol Engineering Ltd secures a deal for providing 300 Electric Cars to OREDA

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 ("The Company") has in the months 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 successful bidder as a part of tendering process.

The cumulative billing value of this tender is Rs 1,15,00,00,000 (Indian Rupees One hundred and Fifteen Crores only) exclusive of taxes.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 1734.35 as compared to the previous close of Rs. 1743.10. The total number of shares traded during the day was 7860 in over 815 trades.

The stock hit an intraday high of Rs. 1773.35 and intraday low of 1723.55. The net turnover during the day was Rs. 13680567.00.

Source : Equity Bulls

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