NMPML plans new bid for 50 e-buses
ROADS & HIGHWAYS

NMPML plans new bid for 50 e-buses

The transport wing of the Nashik Municipal Corporation (NMC), known as Nashik Mahanagar Parivahan Mahamandal (NMPML), has announced its intention to launch a new tender for the purchase and operation of 50 electric buses.

Previously, the NMC had issued bids and granted two extensions due to the limited response, with only two private companies submitting bids. According to regulations, if there are fewer than three bids, it is necessary to provide two extensions.

An NMPML official stated, "During the assessment of the technical bids, one of the two companies was disqualified, and the financial bid has yet to be revealed. Therefore, we are planning to initiate a fresh bid to attract more companies. This will promote competitiveness and provide the transport organization with better pricing options."

The NMPML is eager to introduce the electric buses in July of this year, coinciding with its second anniversary, the official added.

For the procurement of buses, the civic body will allocate Rs 250 million to the relevant agency. Consequently, the agency will offer reduced charges for operating the bus service.

The operational cost for the current bus fleet is Rs 80 per km, whereas the operational cost for the electric buses will be Rs 60 per km. The price difference will assist the civic body in minimising its losses.

Also read:
Telangana unveils plans to expand Hyderabad Metro network
MMRDA eases traffic by removing 84 km barricades from Mumbai Metro

The transport wing of the Nashik Municipal Corporation (NMC), known as Nashik Mahanagar Parivahan Mahamandal (NMPML), has announced its intention to launch a new tender for the purchase and operation of 50 electric buses. Previously, the NMC had issued bids and granted two extensions due to the limited response, with only two private companies submitting bids. According to regulations, if there are fewer than three bids, it is necessary to provide two extensions. An NMPML official stated, During the assessment of the technical bids, one of the two companies was disqualified, and the financial bid has yet to be revealed. Therefore, we are planning to initiate a fresh bid to attract more companies. This will promote competitiveness and provide the transport organization with better pricing options. The NMPML is eager to introduce the electric buses in July of this year, coinciding with its second anniversary, the official added. For the procurement of buses, the civic body will allocate Rs 250 million to the relevant agency. Consequently, the agency will offer reduced charges for operating the bus service. The operational cost for the current bus fleet is Rs 80 per km, whereas the operational cost for the electric buses will be Rs 60 per km. The price difference will assist the civic body in minimising its losses. Also read: Telangana unveils plans to expand Hyderabad Metro networkMMRDA eases traffic by removing 84 km barricades from Mumbai Metro

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?