12.1 C
Delhi
Saturday, January 28, 2023

Olectra bags Rs 151 cr worth order from ASTC for supply of 100 e-buses

Date:

Share post:

Hyderabad: Hyderabad-based EV maker, Olectra Greentech Limited (Olectra) on Saturday said it has bagged an order worth Rs 151 crore from the Assam State Transport Corporation (ASTC) for the supply of 100 e-buses.

This is the first ever order bagged from the Northern-Eastern states, Megha Engineering and Infrastructure Limited (MEIL) said in a release here.

Olectra, a part of Hyderabad-based MEIL Group has received a Letter of Award (LoA) from ASTC for e-buses that will be delivered over a period of 9 months .

The company has received the order on an outright basis and will undertake maintenance of these buses for a period of 5 years.

Mr K V Pradeep, Chairman and Managing Director, said, ‘We feel happy to get the first order from the North-Eastern States and Assam.

With this order, our buses are running all the corners in India. Ours clocked over 5 crore kilometres on Indian roads, and reduced carbon emissions significantly’.

In July this year, the company had also bagged an order worth Rs 500 crore from the Telangana State Road Transport Corporation (TSRTC) for the supply of 300 e-buses under the FAME-II scheme of the Centre.

Olectra, pioneered the introduction of electric buses in India in 2015, is also the largest manufacturer in India for Silicone Rubber/Composite Insulators for power transmission and distribution networks.

Related articles

Sabalenka’s aggressive play guides her past Linette

Melbourne: Aryna Sabalenka stormed into the Australian Open 2023 women's singles final after a formidable 7-6(1) 6-2 victory...

Called off yatra after police arrangements “completely collapsed”: Rahul

Srinagar: Congress leader Rahul Gandhi on Friday said he had to cancel his "Bharat Jodo Yatra" on Friday...

Disney+ Hotstar announces period drama ‘Maharana’

New Delhi: Disney+Hotstar has announced a period drama titled ‘Maharana’, an epic story of Maharana Pratap, the lone...

60 lakh students enrolled in basic schools in 6 yrs: Yogi

Lucknow: Chief Minister Yogi Adityanath on Friday while praising 'Operation Kayakalp' said as many as 60 lakh new...