Olectra Greentech, Evey Trans get LoA from KTCL
2nd Dec 2021

Olectra Greentech and Evey Trans have received a letter of award (LoA) from the Goa government-run Kadamba Transport Corporation (KTCL) for 100 electric buses under the Centre's FAME-II scheme. The order is on a Gross Cost Contract (GCC)/OPEX model basis for a period of 12 years. Evey Trans will procure these 100 electric buses from Olectra Greentech and delivery will be over a period of 12 months.

During the contract period, the company will undertake the maintenance of these buses. With this new order, the total order book is around 1,530 for electric buses after considering the deliveries already made. The value of this 100 bus contract is approximately Rs 140 crore. The company is successfully operating 30 eco-friendly electric buses in Goa, and delivered another five buses recently.

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