Business
Olectra Greentech Bags Order For Supply Of 550 Electric Buses To Telangana Govt
Swarajya Staff
Mar 06, 2023, 10:11 AM | Updated 10:11 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Olectra Greentech and Evey Trans Private Limited consortium has bagged an order worth Rs 1,000 crore to supply 550 electric buses to Telangana State Road Transport Corporation (TSRTC).
"Evey has been awarded with two order(s)/contract(s) awarded in Letter of Awards from TSRTC consisting of 500 Buses for Intra-city and 50 Buses for Inter-city operations, respectively," the company said in a statement on Monday (6 March).
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, it added.
Evey will procure these buses from Olectra Greentech and they will be delivered over a period of 16 months.
"The value of these 550 Buses supply would be approximately Rs 1,000 Crores for Olectra," the company said.
Maintenance of these buses will also be undertaken by the Olectra during the contract period, it added.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.