JBM Ecolife Secures Rs 55 Bn Contract for 1,021 E-Buses

22 Feb 2025 CW Team

JBM Ecolife Mobility Pvt , a subsidiary of JBM Auto, has secured a significant contract from Convergence Energy Services Ltd (CESL) for the supply, operation, and maintenance of 1,021 electric buses under the PM-eBus Sewa Scheme (Tender-II). Valued at Rs 55 billion, the project also includes the development of electric and civil infrastructure on a Gross Cost Contracting (GCC) basis. These e-buses will be deployed across 19 cities in Gujarat, Maharashtra, and Haryana, with the project set for completion within 12 to 18 months. A Payment Security Mechanism (PSM) has been put in place to ensure timely payments to e-bus operators, strengthening financial sustainability for industry stakeholders. Over the next 12 years, these buses are expected to clock more than 32 billion passenger e-kilometres while saving over 1 billion tonnes of CO2 emissions. This contract strengthens JBM’s already robust order book, which now stands at over 11,000 electric buses in various stages of execution, aligning with the company’s Net Zero 2040 vision.

JBM Auto Ltd, one of India’s leading automotive and electric vehicle companies, has reported steady growth in its Q3FY25 financial results. The company posted a net profit of Rs 524.2 billion, reflecting a 7.80% increase from Rs 486.3 million in Q3FY24. Total sales, including operating income, rose to Rs 13.96 billion, marking a 3.71% increase from Rs 13.46 billionin the corresponding quarter last year. Earnings per share (EPS) for Q3FY25 rose to Rs 4.45, compared to Rs 4.12 in the same quarter of the previous year. This latest contract win, coupled with strong financial performance, reinforces JBM Auto’s leadership in India’s electric mobility sector and highlights its commitment to sustainable urban transport and clean energy solutions.

Infrastructure Energy

17 Sep 2025

Invenia Wins Rs 3.6 Billion Contract for PowerGrid Data Centre

Invenia-STL Networks Limited, a leading digital infrastructure and IT services company, announced it has secured a major contract worth over Rs 3.6 billion from PowerGrid Teleservices Limited (PowerTel), a wholly owned subsidiary of the Power Grid Corporation of India Limited (PGCIL), the nation’s largest electric power transmission utility.Under the agreement, Invenia will design, build, commission and maintain the complete IT and cloud infrastructure for a greenfield Tier III data centre at PowerGrid’s Manesar facility. In addition, Invenia will establish a Disaster Recovery Data Centre ..

Vikram Solar Secures 200 MW Order to Expand India’s Solar Capacity

Vikram Solar, one of India’s leading solar PV module manufacturers, has announced a major order of 200 MW high-efficiency solar modules from AB Energia, a specialist in end-to-end EPC solutions for commercial and industrial (C&I) solar projects. The modules, rated at 590 Wp and above, will be deployed across Maharashtra, Madhya Pradesh and Gujarat — three solar-progressive states accelerating their adoption of clean energy.Under this order, Vikram Solar will supply its advanced M10R N-Type TOPCon modules, designed for superior performance, reliability and higher energy yield. Deliverie..

Shriram Properties Backs Neerathon 2025 to Promote Water Conservation

Shriram Properties Limited (SPL), one of India’s leading residential developers in the mid-market and mid-premium segments, reaffirmed its commitment to sustainability and community welfare by supporting IPA Neerathon 2025 in Chennai as the Title Sponsor. The event, which attracted thousands of participants across 10K, 5K and 3K categories at Island Grounds, was more than a race — it was a movement for water conservation and environmental stewardship.For SPL, this partnership aligns with its long-standing efforts to support initiatives beyond real estate, promoting sustainable communities ..