Telangana: TSRTC Orders For 300 Electric Buses Worth Rs 500 Crore From Olectra

Olectra Greentech Limited, a group company of Megha Engineering and Infrastructures Limited, has received another order from Telangana State Road Transport Corporation (TSRTC) to supply 300 electric buses worth Rs 500 crore.

A Letter of Award (LoA) was given to Olectra and Evey Trans Private Ltd (EVEY), both are part of the Hyderabad-based Megha Engineering & Infrastructure Ltd (MEIL) group, for the supply of 300 electric buses to TSRTC, according to a statement.

The order is for 300 electric buses under the Government of India's FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme.

These 300 e-buses will be suplied over a 12-year period under a Gross Cost Contract (GCC)/OPEX model. EVEY will procure the buses from Olectra Greentech Ltd and have them delivered over 20 months.

Olectra will maintain these buses during the term of the contract.

In this transaction between OLECTRA and EVEY, the parties must act at arm's length and treat it as a related-party transaction.

As per The Economic Times report, Olectra Greentech Ltd's Chairman and Managing Director, K V Pradeep, said, "We feel happy to receive another prestigious order. We are proud to serve the Telangana citizens with our state-of-the-art zero-emission buses. Our buses have already been serving in Hyderabad for the last three years and are successfully transferring the passengers to the airport. We will deliver the buses as per the schedule and will give the best commuting experience."

Olectra Greentech was founded in 2000 and was the first to introduce electric buses in India in 2015. It is also the largest producer of silicone rubber/composite insulators for power transmission and distribution networks in India.

Olectra E-Bus

The 12-metre, low-floor, non-AC buses can accommodate 35 passengers plus a wheelchair.

The air suspension is electronically regulated to provide a comfortable ride. To ensure commuter safety, the buses have CCTV cameras, an emergency button, and USB ports for each seat.

Based on traffic and passenger load conditions, the lithium-ion (Li-ion) battery installed in the bus allows it to travel approximately 200 kilometres on a single charge at 80 per cent capacity.

In less than five hours, the battery can be charged with the high-power DC charging system.

A regenerative braking system on the cutting-edge bus enables it to recover some of the kinetic energy lost when braking.