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Olectra-Evey Trans receives LoA from PMPML for 350 electric buses worth Rs 700 cr Hyderabad, Jan 29 (UNI) Electric mobility leader and pioneer in electric bus manufacturing, Olectra Greentech Limited (OGL) and Evey Trans Private Limited (EVEY) has received the Letter of Award (LoA) from Pune Mahanagar Parivahan Mahamandal Limited (PMPML) for 350 electric buses worth Rs 700 crore under FAME-II scheme of the Government of India. They also become the Least Quoted (L-i) bidders for 300 electric buses from Bangalore Metropolitan Transport Corporation (BMTC). This order is for the supply of 350 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years, OGL, a part of Megha Engineering & Infrastructures Limited (MEIL), headquartered in Hyderabad, which, pioneered the introduction of electric buses in India in 2015, said in a release here on Friday. ....
Olectra Greentech announced that in the tender where Evey Trans (EVEY) has been declared as L1 (Least Quoted) bidder for 350 Buses (as per the disclosure given on 05 January, 2021), today EVEY has received Letter of Award for 350 Electric Buses from one of the State Governmemt Undertakings. This order for supply of 350 Electric Buses is on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years (Contract Period). EVEY shall procure these Electric Buses from Olectra Greentech (Company) which shall be delivered over a period of 7 months. The maintenance of these buses shall also be undertaken by the Company during the Contract Period. ....
Olectra Greentech announced that out of the tenders where Evey Trans (EVEY) and Olectra Greentech (Company) have been declared as L-1(Least Quoted) bidder for 353 Buses, for 150 Electric Buses EVEY has received Letter of Award from one of the State Transport Authorities under FAME-II scheme of Government of India. This order for supply of 150 Electric Buses is on Gross Cost Contract (GCC) / OPEX model basis for a period in the range of 10-12 years (Contract Period). EVEY shall procure these Electric Buses from the Company which shall be delivered over a period of 12 months. The maintenance of these buses shall also be undertaken by the ....
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 ....