Olectra Greentech announced that Evey Trans (EVEY) has acquired Letter of Awards (LOAs) from Telangana State Road Transport Corporation (TSRTC) for 550 Electric Buses consisting of 500 Buses for Intra-metropolis and 50 Buses for Inter-metropolis operations, respectively. EVEY shall procure these buses from Olectra Greentech (Olectra) and which shall be added over a length of 16 months.
The value of these 550 Buses deliver might be about Rs.1,000 crore for Olectra.
Maintenance of these buses shall also be undertaken through the Olectra at some point of the Contract Period.
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