Olectra Greentech receives letter of award for 50 e-buses from government transport authority

Olectra Greentech, Hyderabad-based country’s largest manufacturer of electric buses, on Monday said it has received a letter of award (LoA) for 50 e-buses from “one of the state transport authorities” for inter-city operations under the central government’s FAME-II scheme. These buses are to be delivered in 12 months, the company said in a regulatory filing.

“Out of the tenders where Olectra Greentech Limited and Evey Trans Private Limited (EVEY) were declared as least-quoted (L-1) bidders for 353 buses; for 50 electric buses, Evcy has received a letter of award from one of the state transport authorities (i.e for inter-city operations) under FAME-II scheme of the Government of India,” Olectra Greentech said in the filing.