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Olectra Greentech-Evey Trans Consortium Wins Order to Supply 2,400 Electric Buses to BEST

Olectra Greentech Ltd., in consortium with Evey Trans Private Limited, has secured an order to supply 2,400 electric buses to the Brihanmumbai Electric Supply & Transport Undertaking (BEST). This announcement was made through a stock exchange filing by Olectra Greentech on February 22nd, 2024.

As per terms of the contract, Evey Trans will procure the buses from Olectra Greentech and be responsible for their supply, operation, and maintenance on a Gross Cost Contract (GCC) basis for a period of 12 years. Olectra Greentech will also undertake the maintenance of these buses throughout the contract period.

These electric buses will be delivered to BEST over an 18-month period. The estimated value of the Order for Olectra Greentech is approximately Rs. 4,000 crore.