After Megha Engineering’s name figured in the list of electoral bond buyers, there was unbridled curiosity about its business, promoters and just about everything. Here are the details
Olectra Green Tech Limited: Under the terms and conditions of the contract, EVEY has been entrusted with the responsibility for the supply, operation, and maintenance of the 2,400 e-buses on a Gross Cost Contract (GCC) / OPEX model basis for 12 years. These buses will be procured from Olectra and delivered in 18 months. Olectra will also be responsible for the maintenance of these buses throughout the contract period.
Macro data, with the manufacturing PMI expanding to 57.8, indicated sustained demand and boosted investors confidence. Additionally, provisional business numbers from banks, automakers, and real estate companies bolstered sentiments, while FIIs provided additional support to the domestic market during the said week.