Sharat chandra, Novelist

Electric mobility leader and pioneer in electric bus manufacturing, Olectra Greentech Limited (OGL) and Evey Trans Private Limited (EVEY) has received the letter of award from Pune Mahanagar Parivahan Mahamandal Ltd for 350 electric buses under FAME-II scheme of Government of India. This order is for the supply of 350 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years.Evey Trans will procure these 350 electric buses from Olectra Greentech, which shall be delivered over a period of seven months. The maintenance of these buses shall also be undertaken by the company during the contract period.With these, total electric buses to be delivered by OGL against above and earlier orders are over 1250 electric buses. These 350 buses order is a part of recently announced L-1 bidder (disclosed on January 5th).Becoming Least Quoted (L-1) BidderEvey Trans Private Limited (EVEY) and Olectra Greentech Limited (Company) have been declared as Least Quoted (L-1) bidders for 300 electric buses from the Bangalore Metropolitan Transport Corporation (BMTC) under FAME-II scheme of Government of India. The 300 buses are for the supply of the Electric Buses on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years (Contract Period).Once Letter of Award is received by EVEY for 300 buses, it shall procure these Electric Buses from Olectra Greentech Limited which shall be delivered over a period of 12 months. The value of this tender is approximately Rs 570 Crores to the Company. The transactions between the Company and EVEY are to be considered as related party transactions and shall be on arm's length basis."We are happy to announce that, we have bagged 350 electric buses of 12 meters from Pune Mahanagar Parivahan Mahamandal (PMPL). OGL is already operating 150 buses in Pune and with this new order, the fleet size will be 650 Electric buses, which is highest in the country. We also feel honoured to operate eco-friendly buses in the garden city and Silicon Valley of India, Bangalore. These are the proud moments for OGL / EVEY Trans teams," said Sharat Chandra, CFO, Olectra Greentech Limited.This story is provided by PRNewswire. will not be responsible in any way for the content of this article. (/PRNewswire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Sharat ChandraFOLLOW

Sharat chandra, Latest News

National :Andhra MP's wife, son, auditor kidnapped; 2 arrested

Visakhapatnam (Andhra Pradesh) [India], June 16 : The Visakhapatnam police received a call from YSR Congress Party MP M.V.V. ... ...

Business :Olectra-Evey Trans wins 350 EV bus order, becomes L-1 bidder for 300 buses

Electric mobility leader and pioneer in electric bus manufacturing, Olectra Greentech Limited (OGL) and Evey Trans Private Limited (EVEY) has received the letter of award from Pune Mahanagar Parivahan Mahamandal Ltd for 350 electric buses under FAME- ...