Olectra Greentech Ltd (OLECTRA) will supply 300 electric buses worth Rs 500 crore to Telangana State Road Transport Corporation (TSRTC).
The Megha Engineering & Infrastructure Ltd (MEIL) group company, Evey Trans Private Ltd (EVEY), has received the Letter of Award (LoA) from TSRTC for supply of 300 electric buses to TSRTC, a statement said.
According to the statement, the value of this order is approximately Rs 500 crore. EVEY shall procure these buses from Olectra Greentech Ltd, which shall be delivered over a period of 20 months.
The order is to supply 300 electric buses under the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the government of India.
