Olectra Greentech Receives Order To Supply 100 Electric Buses

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Olectra Greentech and its sister concern Evey Trans Private Limited (EVEY) have bagged the order to supply 100 electric buses by one of the State Transport Corporation (STC) under FAME-II scheme. They have emerged as the Least Quoted (L-1) bidder

Previously, the company had been declared Least Quoted (L-1) bidder for 50 and 353 inter-city electric buses in the months of April 2021 and December 2020 respectively.

The company in an exchange filing said that the said tender for 100 electric buses is for the supply of the e-buses on Gross Cost Contract (GCC) / OPEX model basis (for Inter-City Operations) for12 years. The value of the transaction  is approximately INR 250 crore. The company also informed that as soon as the Letter of Award is received for 100 electric buses, EVEY shall procure them from Olectra Greentech and they will be delivered over a period of 10 months.

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