Olectra Greentech’s subsidiary company -- Evey Trans (EVEY) has received two Letter of Awards (LOAs) from Telangana State Road Transport Corporation (TSRTC) for 550 Electric Buses consisting of 500 Buses for Intra-city and 50 Buses for Inter-city operations, respectively.
These orders for supply of 500 Electric Buses and 50 Electric Buses are to be on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years and 10 years (Contract Period) respectively. EVEY shall procure these buses from Olectra Greentech and which shall be delivered over a period of 16 months. The value of these 550 Buses supply would be around Rs 1,000 crore for Olectra.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
Company Name | CMP |
---|---|
Tata Motors | 1013.80 |
Ashok Leyland | 202.25 |
Force Motors | 9480.00 |
Olectra Greentech | 1709.60 |
Tata Motors - DVR | 684.15 |
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