Legal4 Mar 2025, 11:32 pm
Ola Electric Mobility Receives Letter from IFCI over Non-achievement of Milestone in PLI ACC Scheme
AI Summary
Ola Electric Mobility Limited has received a letter from IFCI Limited regarding the non-achievement of Milestone-1 as per the schedule of the Programme Agreement for the Production Linked Incentive Advanced Chemistry Cell (PLI ACC) scheme. The company is actively engaging with relevant authorities and preparing a response. This disclosure is also available on the company's website.
Key Highlights
- Ola Electric Mobility Limited received a letter from IFCI Limited regarding non-achievement of Milestone-1 in the PLI ACC scheme.
- The company is actively engaging with relevant authorities and preparing a response.
- The disclosure is available on the company's website.