ANI PR Wire
20 Sep 2022, 10:30 GMT+10
Hyderabad (Telangana) [India], September 20 (ANI/PRNewswire): Olectra Greentech Limited (OLECTRA) and EVEY Trans Private limited (EVEY) consortium has received a Letter of Award from Thane Municipal Transport Undertaking for 123 Electric Buses. These buses will be supplied on a Gross Cost Contract (GCC) / OPEX model basis for a period of 15 years. The order value is Rs 185 crores.
EVEY Trans will procure the Electric Buses from Olectra Greentech and shall be delivered in 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.
The Olectra Greentech will maintain the buses during the contract period. These transactions between the Company and EVEY Trans are to be considered as related party transactions and shall be on an arm's length basis.
On this occasion, K V Pradeep, Chairman and Managing Director, Olectra Greentech Limited, said, "We feel happy to get another order from the state of Maharastra. With this, our presence expanded to another city, Thane. We are already operating Electric Buses in Pune, Mumbai, and Nagpur in the state. In Maharastra alone, our Olectra E-buses have clocked over three crore kilometres and significantly reduced carbon emissions. Our E-buses are running all the corners in India. The Olectra E-buses clocked over seven crore kilometres on Indian roads."
Established in 2000, Olectra Greentech Limited (a public listed company) - part of MEIL Group, pioneered the introduction of electric buses in India in 2015. It is also one of the largest manufacturer in India for Silicone Rubber/Composite Insulators for power transmission and distribution networks
Media contacts:
M . Ganapathi
+91-9100509633
[email protected]
This story has been provided by PRNewswire. ANI will not be responsible in any way for the content in this article. (ANI/PRNewswire)
Get a daily dose of Cambodian Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cambodian Times.
More InformationWEST JERUSALEM, Israel - The Israel Air Force has launched a pre-emptive Pearl Harbour style air raid over Iran, dropping bombs over...
NEW DELHI, India - The world is in shock following Thursday's devastating plane crash in India which has killed at least 290 people,...
WASHINGTON, D.C.: The United States has placed sanctions on two sons of jailed Mexican drug lord Joaquin El Chapo Guzman. These two...
LONDON, UK: Frederick Forsyth, the renowned British author behind The Day of the Jackal and numerous other bestselling thrillers, has...
PUERTO PRINCESA, Philippines: A Chinese ship got stuck in shallow waters near a Philippine-controlled island in the disputed South...
Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
Kolkata (West Bengal) [India], June 13 (ANI): Despite the defeats in the opening games, former India and Bengal wicketkeeper-batsman...
New Delhi [India], June 13 (ANI): As India-England first Test draws closer, the Asian giants are left with plenty of questions to answer...
New Delhi [India] June 13 (ANI): The Sydney Sixers announced the signing of Pakistan superstar batter Babar Azam for the upcoming Big...
London [UK], June 13 (ANI): The Australian pair of Mitchell Starc and Josh Hazlewood made history on Friday, putting on the joint-highest-ever...
Mumbai (Maharashtra) [India], June 13 (ANI): The excitement is palpable and reaching fever pitch as the countdown for the opening day...
Munich [Germany], June 13 (ANI): World record holder Sift Kaur Samra, won bronze in the women's 50m rifle 3 positions (3P), on competition...