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

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

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement