What TV doesn't, print can't; we deliver.
What TV doesn't, print can't; we deliver.
NEW DELHI: Moving ahead toward green mobility, Olectra Greentech Limited (OLECTRA) has bagged another order from Telangana State Road Transport Corporation (TSRTC) to supply 300 electric buses worth Rs 500 crore.
In a statement, OLECTRA said, “The MEIL group company, Evey Trans Private Limited (EVEY), has received the Letter of Award (LoA) from TSRTC. The order is to supply 300 Electric Buses under the FAME-II scheme of the government of India.”
It said that these 300 E-buses will be supplied on a Gross Cost Contract (GCC) /OPEX model basis for 12 years.
“EVEY shall procure these buses from Olectra Greentech Limited (OLECTRA), which shall be delivered over a period of 20 months,” it said, adding that during the contract period, Olectra will undertake the maintenance of these buses.
This transaction between OLECTRA and EVEY is to be considered related party transactions and shall be on an arm’s length basis, the statement said.
Commenting on this occasion, KV Pradeep, chairman and managing director, Olectra Greentech Limited said, “We feel happy to receive another prestigious order. We are proud to serve the Telangana citizens with our state-of-the-art zero-emission buses. Our buses have already been serving in Hyderabad for the last three years and are successfully transferring the passengers to the airport.”
“We will deliver the buses as per the schedule and will give the best commuting experience,” he added.
Currently, EVEY and Olectra Greentech Limited are operating electric buses in various State Transport Undertakings (STU) in the country, such as Pune (PMPML), Mumbai (BEST), Goa, Dehradun, Surat, Ahmedabad, Silvassa, and Nagpur, etc.
These 12-Meter, low floor, non-AC buses have a seating capacity of 35 along with space for passengers with wheelchairs. The buses are also equipped with CCTV cameras to ensure the safety of the commuters, an emergency button and USB Sockets for each seat.
According to the company, the lithium-ion (Li-ion) battery installed in the bus enables it to travel around 200 kms on a single charge at 80 per cent SOC, based on traffic and passenger load conditions.
