Hyderabad: Megha Engineering & Infrastructures (Meil) group firm Olectra Greentech and its Evey Trans unit have won an order for 350 electric buses from Pune Mahanagar Parivahan Mahamandal. This is the third contract from Pune for the companies and the second in as many months. The latest order, valued at Rs 700 crore, is the biggest for EV buses in rupee terms till date in India.
The Olectra-Evey combine will offer the buses on a gross cost contract/Opex model for 12 years, the companies announced on Friday.
