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