Indian Clarity

Light. Truth. Clarity.

Loading ad...
Companies

TGSRTC orders 1,085 electric buses from Megha Group firm Evey Trans for ₹1,800 crore

The Telangana State Road Transport Corporation (TGSRTC) has awarded a contract worth ₹1,800 crore to Evey Trans, a firm of Megha Engineering & Infrastructures Group, for the supply of 1,085 electric buses. The fleet will consist of 1,025 non-AC and 60 AC buses, with deliveries scheduled over the next 20 months under a Gross Cost Contract model, which aims to alleviate financial burdens on state utilities.

TGSRTC orders 1,085 electric buses from Megha Group firm Evey Trans for ₹1,800 crore

Credit: Thehindu

Key Highlights

  • TGSRTC ordered 1,085 electric buses from Evey Trans for ₹1,800 crore.
  • The order includes 1,025 non-AC and 60 AC electric buses.
  • Buses will be delivered over a period of 20 months.
  • The contract is based on a Gross Cost Contract (GCC) model.
  • Olectra Greentech will manufacture and maintain the buses.
Loading ad...

Sources

  1. TGSRTC orders 1,085 electric buses from Megha Group firm Evey Trans for ₹1,800 crore
  2. Olectra Greentech wins ₹1,800-crore electric bus order from Telangana
  3. Olectra Greentech share price rebounds over 7% from day’s low on ₹1,800 crore electric bus order

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...