India’s Mahindra & Mahindra Up; EESL To Purchase 150 Electric Cars From Co

India’s Mahindra & Mahindra Up; EESL To Purchase 150 Electric Cars From Co

Mahindra and Mahindra Ltd rises as much as 2.1 pct to 1,316 rupees, highest since Sept 13

** Stock among top pct gainers on NSE index

** State-run Energy Efficiency Services Ltd (EESL) says to purchase 150 e-vehicles from Mahindra & Mahindra in phase I of a plan to buy a total of 10,000 electric vehicles

** Mahindra and Mahindra got purchase order after matching the lowest bid price quoted by Tata Motors Ltd – EESL

** EESL is a JV between India govt, NTPC LTD, Power Finance Corp Ltd, Rural Electrification Corp and Power Grid Corp of India to promote energy efficiency in India . Read More…

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