Cash Ur Drive Marketing wins 10-year EV charging project
Cash Ur Drive Marketing Limited secured a 10-year contract for EV charging infrastructure, marking a move into sustainable mobility. The project involves establishing and maintaining stations within 90 days of site handover. Contract value remains undisclosed pending definitive agreement execution.
*this image is generated using AI for illustrative purposes only.
Cash Ur Drive Marketing Limited has secured a Letter of Award for the establishment, operation, and maintenance of Electric Vehicle (EV) Charging Stations for a period of 10 years. The project represents a strategic diversification into EV infrastructure and is expected to generate recurring revenue over the contract tenure. The award was issued by a domestic entity, though the specific name of the customer has not been disclosed due to commercial confidentiality.
The agreement requires the company to commission the charging stations within 90 days from the date of site handover. Following the commissioning phase, Cash Ur Drive Marketing Limited will be responsible for the operation and maintenance of the infrastructure for the subsequent decade. The total contract value is presently not ascertainable, as the consideration will be determined at the time of execution of the definitive agreement.
The company confirmed that the order has been awarded at arm's length and does not involve any related party transactions. Furthermore, there are no interests held by the promoter, promoter group, or group companies in the entity that awarded the contract. The filing was submitted to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Details
The following table outlines the key particulars of the awarded order:
| Sr. No. | Particulars | Details |
|---|---|---|
| a) | Name of the entity awarding the order(s)/contract(s) | Due to commercial confidentiality, the Company is unable to disclose the name of the customer. |
| b) | Significant terms and conditions of the order(s)/contract(s) | Establishment, operation and maintenance of EV Charging Stations. |
| c) | Whether order(s)/contract(s) have been awarded by domestic/international entity | Domestic entity |
| d) | Nature of order(s)/contract(s) | EV Charging Infrastructure Project |
| e) | Whether domestic or international | Domestic |
| f) | Time period by which the order(s)/contract(s) is to be executed | Charging stations to be commissioned within 90 days from site handover; O&M period of 10 years. |
| g) | Broad consideration or size of the order(s)/contract(s) | The consideration shall be determined at the time of execution of the definitive agreement. Hence, the total contract value is presently not ascertainable. |
| h) | Whether the promoter/promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)? | No |
| i) | Whether the order(s)/contract(s) would fall within related party transactions? | No |
| j) | Whether the order(s)/contract(s) is at arm's length | NA |
Historical Stock Returns for Cash Ur Drive Marketing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.66% | +5.43% | +15.05% | -0.58% | +4.13% | +4.13% |
What is the expected capital expenditure required to commission the charging stations within the 90-day deadline?
How will the definitive agreement determine the variable consideration, and what revenue models will be utilized?
Does the company plan to secure additional similar contracts to scale its EV infrastructure business?
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