As Delhi gets its first electric bus, BJP took a dig at the Aam Aadmi Party-led state government for procuring just a single bus during their last seven years of rule.
Olectra Greentech on Monday said it received the Letter of Award from Gujarat State Road Transport Corporation (GSRTC) for 50 units of 9-metre electric buses
A consortium of Electric bus manufacturer Olectra Greentech and its sister concern Evey Trans Pvt Ltd has emerged as the least quoted bidder for the supply of 100 electric buses. "...Consortium of Evey Trans Pvt Ltd (EVEY) and Olectra Greentech Ltd has been declared as least quoted (L-1) bidder for another 100 electric buses (for Inter-City Operations) by one of the State Transport Corporation under the FAME-I1 scheme of Government of India," Olectra Greentech said in a regulatory filing on Monday. Olectra Greentech said once the letter of award is received for 100 electric buses, Evey will procure these electric buses from Olectra Greentech Ltd and deliver them over a period of 10 months. "Value of this tender is approximately Rs 250 crore to the company," Olectra Greentech said. Shares of Olectra Greentech were trading 4.97 per cent higher at Rs 187.85 apiece on BSE.
About Rs 212.31 crore has been released for the procurement of electric buses as of January 31 this year under the second phase of FAME-India Scheme
The 25-seater state-of the art Ultra Urban 9/9 e-AC buses were flagged off by Maharashtra Chief Minister Uddhav Thackeray at an event in South Mumbai.
Smart e-mobility is still at a nascent stage in India.
Singh said Rs 250 crore will be incurred in the operation of these buses of which Rs 120 crore will be realised through sale of tickets.
New Delhi is expected to come out with a tender for 1,000 e-buses this month