Olectra Greentech and Evey Trans bag STC tender to produce 100 e-buses, Auto Information, Automobilnews
New Delhi: Electrical mobility firm and producer of electrical buses Olectra Greentech on Monday knowledgeable the exchanges that the corporate and its sister concern Evey Trans Personal Restricted (EVEY) have been declared because the Least Quoted (L-1) bidder for an additional 100 electrical buses by one of many State Transport Company (STC) beneath FAME-II scheme.Olectra and Evey Trans had been declared because the least quoted (L-1) bidders for 50 and 353 inter-city operations electrical buses in April 2021 and December 2020 respectively.
“The mentioned tender for 100 electrical buses is for the availability of the e-buses on Gross Value Contract (GCC) / OPEX mannequin foundation (for Inter-Metropolis Operations) for12 years,” the corporate mentioned in an trade submitting.
As soon as the Letter of Award is acquired for 100 electrical buses, Olectra additional mentioned, EVEY shall procure them from Olectra Greentech and they are going to be delivered over a interval of 10 months. The worth of this tender is roughly INR 250 crore to the corporate, Olectra knowledgeable.”The transactions between the corporate and GVBY are to be thought of as associated celebration transactions and shall be on arm’s size foundation,” it added. (what’s GVBY)
Final month the insulators division of Olectra Greentech bagged orders value INR 30 crore which incorporates INR 15 crore export orders. The home order value approx INR 15 crore was acquired from reputed Indian Energy Transmission Firm to produce composite lengthy rod insulators of 765KV capability.
The corporate has additionally bagged an export order value roughly INR 15 crore to produce 15 KV to 35 KV capability insulators from a US primarily based e-company. Each these home and export orders should be delivered on this monetary yr.