Olectra Greentech, Evey Trans get LoA worth Rs 250 crore
10th Nov 2021

Consortium of Olectra Greentech and Evey Trans (EVEY) have received Letter of Award (LoA) from one of the State Transport Corporations for 100 Electric Buses (i.e for Inter-City Operations) under FAME-I1 scheme of Government of India. This order for supply of 100 electric buses on Gross Cost Contract (GCC) / OPEX model basis (for Inter-City Operations) is for a period of 12 years (Contract Period). Value of this contract is approximately Rs 250 crore to the company.

These buses shall be delivered over a period of 10 months. Maintenance of these buses shall also be undertaken by the Olectra during the contract period. With these, total order book of Olectra for electric buses against above and earlier orders are around 1,550 electric buses.

Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.