Olectra Greentech has informed that Consortium of Olectra Greentech (Olectraj Company) and Evey Trans (EVEY) has received Letter of Award from one of the State Transport Corporations for 100 Electric Buses under FAME-II scheme of Government of India. This order for supply of 100 Electric Buses is on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years (Contract Period). Value of this Contract is approximately Rs 140 Crores to the Company. These Buses shall be delivered over a period of 12 months. The maintenance of these buses shall also be undertaken by the Olectra during the Contract Period. With these, total order book of Olectra for electric buses against above and earlier orders are around 1450 electric buses.
The above information is a part of company’s filings submitted to BSE.
