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Olectra Greentech-led consortium emerges as lowest bidder for supply of 100 electric buses SECTIONS Last Updated: May 24, 2021, 12:26 PM IST Share Synopsis Olectra Greentech said once the letter of award is received for 100 electric buses, Evey will procure these electric buses from Olectra Greentech Ltd and deliver them over a period of 10 months. Agencies A consortium of Electric bus manufacturer Olectra Greentech and its sister concern Evey Trans Pvt Ltd has emerged as the least quoted bidder for the supply of 100 electric buses. .Consortium of Evey Trans Pvt Ltd (EVEY) and Olectra Greentech Ltd has been declared as least quoted (L-1) bidder for another 100 electric buses (for Inter-City Operations) by one of the State Transport Corporation under the FAME-I1 scheme of Government of India, Olectra Greentech said in a regulatory filing on Monday. ....
Olectra Greentech announced that the consortium of the company and Evey Trans has been declared as Least Quoted (L-1) bidder for another 100 Electric Buses (i.e for Inter-City Operations) by one of the State Transport Corporation under FAME-II scheme of Government of India. Said tender for 100 electric buses is for supply of the Electric Buses on Gross Cost Contract (GCC) / OPEX model basis (for Inter-City Operations) for a period of 12 (Twelve) years (Contract Period). Once Letter of Award is received for 100 electric buses, EVEY shall procure these Electric Buses from Olectra Greentech and which shall be delivered over a period of 10 months. ....
Olectra Greentech hit an upper circuit of 5% at Rs 187.85 after the company said its consortium emerged as the lowest bidder for a tender floated by one of the state transport corporation. The consortium of Evey Trans (EVEY) and Olectra Greentech has been declared as least quoted (L-1) bidder for another 100 electric buses (i.e for inter-city operations) by one of the state transport corporation under FAME-II scheme of Government of India. The said tender is for supplying 100 electric buses on gross cost contract (GCC)/OPEX model basis (for inter-city operations) for a period of 12 years. Once letter of award (LoA) is received for 100 electric buses, EVEY shall procure these electric buses from Olectra Greentech, which shall be delivered over a period of 10 months. Value of this tender is approximately Rs 250 crore to the company. ....
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