News Brief
Maharashtra, Gujarat And Haryana To Get Over 1,000 Electric Buses As JBM Ecolife Bags Order Worth Rs 5,500 Crore Under PM E-Bus Sewa Scheme
(Representative Image)
JBM Ecolife Mobility , a subsidiary of JBM Auto, has been awarded an order worth Rs 5,500 crore for supply of 1,021 Electric Buses under the PM-eBus Sewa Scheme (Tender-II).
The order has been awarded by Convergence Energy Services Limited (CESL).
"JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, has been awarded the Tender for end-to-end execution of 1,021 [One thousand twenty one] Electric Buses and development of allied electric and civil Infrastructure on Gross Cost Contracting [GCC] under the PM-eBus Sewa Scheme (Tender-II)," the company said in an exchange filing on Wednesday (19 February).
The company added that it has been "awarded the Tender as a bus operator for Procurement, Supply, Operation and Maintenance of 1,021 [One thousand twenty one] Electric Buses and development of allied electric and civil Infrastructure on Gross Cost Contracting [GCC] under the PM-eBus Sewa Scheme".
"The approximate order value of the tender stands at Rs. 5,500 Crore (Rupees Five Thousand Five Hundred crore). These e-buses will be deployed in around 19 cities across Gujarat, Maharashtra and Haryana," it added.
The company said that it had received received the "Letter of Confirmation of Quantities eligible for award as issued by Convergence Energy Services Limited [CESL]" on Tuesday (18 February).
According to the company, these e-buses will clock over 32 bn+ passengers e-kms and will prevent Carbon dioxide emissions over 12 years of deployment.
