Cash Ur Drive Marketing Secures 10-Year Letter of Award for EV Charging Stations
Cash Ur Drive Marketing Limited has received a Letter of Award (LoA) for the establishment, operation, and maintenance of Electric Vehicle (EV) Charging Stations. The contract mandates a comprehensive period of 10 years for the project.This award represents a notable strategic step for the company, marking its diversification into the EV infrastructure sector. The achievement is expected to strengthen the company's standing within the sustainable mobility ecosystem and open new channels for recurring revenue over the contract tenure.
The project details confirm that the initiative involves the establishment and operation of EV Charging Stations by a domestic entity. While the name of the awarding customer could not be disclosed due to commercial confidentiality, the project is classified as an EV Charging Infrastructure Project.
The operational timeline stipulates that the charging stations must be commissioned within 90 days from the site handover, with the subsequent operation and maintenance (O&M) period lasting 10 years.
Key contractual details for the EV Charging Infrastructure Project are summarized below:
| Particulars | Details |
|---|---|
| Nature of Project | EV Charging Infrastructure Project |
| Type of Entity Awarding Contract | Domestic entity |
| Project Scope | Establishment, operation and maintenance of EV Charging Stations |
| Contract Duration | O&M period of 10 years |
| Commissioning Timeline | Charging stations to be commissioned within 90 days from site handover |
| Total Contract Value | The total contract value is presently not ascertainable, as the consideration will be determined at the time of execution of the definitive agreement. |
| Related Party Status | The order is not classified as a related party transaction. |
CUDML Stock Price Movement
On Friday, Cash Ur Drive Marketing Limited shares edged higher, settling at ₹160 after gaining 2.47% for the session. The equity saw active trading as 18,000 shares transacted throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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