Olectra Greentech luggage order for 50 buses worth Rs. 70 cr by admin- Monday, August 16th, 2021 04:03:23 PM
Olectra Greentech announced that Consortium of Olectra Greentech Ltd and Evey Trans Private Ltd (EVEY) has acquired Letter of Award from one of the State Transport Authorities for fifty Electric Buses below FAME-II scheme of Government of India.
This order for supply of fifty Electric Buses is on Gross Cost Contract (GCC) / OPEX model basis for a length of 10 years (Contract Period). Value of this Contract is approximately Rs. 70 crore to the Company.
These Buses shall be added over a length of three hundred and sixty five days. The protection of these buses shall also be undertaken through the Olectra for the duration of the Contract Period.
With those, overall order book of Olectra for electric buses in opposition to above and in advance orders are round 1350 electric powered buses.