Olectra Bags Rs 185 Crore Order From Thane Transport Body For 123 Electric Buses

Olectra Greentech Limited and Evey Trans Private Limited consortium has received Letter of Award from Thane Municipal Transport undertaking for 123 electric buses.

Evey Trans will procure these buses from Olectra and which will be delivered over a period of 9 months.

Out of these 123 E-buses, 55 are (45 Air Conditioned and 10 Non-AC) 12-metre buses. The other 68 E-buses are  (26 Air Conditioned, 42 Non-AC) 9-metres.

The 12-metre buses will have 200 kilometres range and will have a seating capacity of 39 plus a driver.

The  9-metres buses will have 160 kilometres and have a seating capacity of 31 plus a driver.

These lithium-ion battery buses can be fully charged in four hours.

"Maintenance of these buses shall also be undertaken by the Olectra during the Contract Period," the company said in a regulatory filing.

This order for supply of 123 Electric Buses is on Gross Cost Contract (GCC)/ OPEX model basis for a period of 15 years (Contract Period). The company added that the value of this contract is approximately Rs 185 crore.

(With inputs from PTI)