New Launch23 Feb 2026, 01:50 pm
Olectra Greentech Secures Order for 1,085 Electric Buses from Telangana State Road Transport Corporation
AI Summary
Olectra Greentech Limited has announced that its subsidiary, Evey Trans Private Limited, has received orders from Telangana State Road Transport Corporation (TGSRTC) for the supply, operation, and maintenance of 1,085 electric buses. The order comprises 1,025 non-AC buses and 60 AC buses for intra-city operations. The buses will be supplied on a Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years. Olectra Greentech will deliver the buses over a period of 20 months, with an estimated supply value of approximately Rs. 1,800 Crores. The maintenance of these buses will also be undertaken by Olectra during the contract period.
Key Highlights
- Olectra Greentech's subsidiary, Evey Trans Private Limited, has received orders from Telangana State Road Transport Corporation (TGSRTC) for 1,085 electric buses.
- The order includes 1,025 non-AC and 60 AC buses for intra-city operations.
- The buses will be supplied on a Gross Cost Contract (GCC) / OPEX model basis for 12 years.
- Olectra Greentech will deliver the buses over a period of 20 months with an estimated supply value of approximately Rs. 1,800 Crores.
- Olectra Greentech will also undertake the maintenance of these buses during the contract period.