Ampvolts Ltd grabs prestigious order from GHCL Limited

Ampvolts Ltd, one of India's leading ev infrastructure and green mobility solution provider, has been awarded long term contract from M/s. GHCL Limited, to for transportation of imported commaodities from Pipavav port to their Sutrapada factory. Under this contract ampvolts will deploy 10 electric trucks of 55 tones and operate it through one of the GHCL's empaneled Local Service Provider (LSP). This deal will further ensures ampvolts charging station's Minimum Usage Guarantee (MUG) and also will bring decent turnover backed with healthy EBITDA.

Speaking at this occasion, Mr. Vipul Chauhan - Managing Director, ampvolts Limited, said, " We admire the visionary leadership under GHCL's Mr P. N. Rao, Vice President - Commercial, GHCL Limited, who has been instrumental in pioneering the green freight corridor in Gujarat. This contract will give us platform to demonstrate complete green corridor with Zero Emission Trucking (ZET) and reduce carbon footprint towards ESG compliance. Our expertise in developing customized charging infrastructure solutions will be vital support for this green freight corridor. We have identified strong local partners and also geared up to accommodate current and future traffic of increasing numbers of electric trucks on the same route, with our scalable charging Solution. We aim to provide reliable long term sustainable ecosystem in the green mobility to corporate clients like GHCL."

Shares of Ampvolts Ltd was last trading in BSE at Rs. 23.10 as compared to the previous close of Rs. 23.24. The total number of shares traded during the day was 16059 in over 64 trades.

The stock hit an intraday high of Rs. 25.24 and intraday low of 22.42. The net turnover during the day was Rs. 379802.00.

Source : Equity Bulls

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