MoneyWorks4Me

Olectra Greentech emerges as least quoted bidder for supply of 100 electric buses

25 May 2021 Evaluate

Olectra Greentech and its sister concern Evey Trans have emerged as the least quoted bidder for the supply of 100 electric buses by one of the State Transport Corporation under the FAME-I1 scheme of Government of India. Once the letter of award is received for 100 electric buses, Evey will procure these electric buses from Olectra Greentech and deliver them over a period of 10 months. Value of this tender is approximately Rs 250 crore to the company.

Olectra Greentech (Formerly Goldstone Infratech) is the market leader in manufacturing of Silicon rubber polymer composite insulators in India.

Peers
Company Name CMP
Tata Motors 421.30
Ashok Leyland 148.95
Force Motors 17681.00
Olectra Greentech 1065.40
SML Mahindra 6123.40
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