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 Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..