Olectra Greentech declared as L-1 bidder for supply of 353 electric buses

Olectra Greentech announced that Evey Trans (EVEY) (Company and EVEY are under common control with MEIL Holdings) and Olectra Greentech (Company) have been declared as L-1 (Least Quoted) bidders for 353 Electric Buses from 5 (five) State Transport Authorities and 1 (one) State
Government Undertaking including under FAME-II scheme of Government of India.
Out of these tenders for 353 buses, tenders for 300 buses arc on Gross Cost Contract (GCC) /
OPEX model basis (wherein for 250 buses EVEY participated and for 50 buses Company alone
participated) for a period in the range of 10-12 years (Contract Period) and tenders for 53
buses are on outright sale basis participated by the Company alone. In respect of the tenders

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