OLECTRA wins Rs 3,675 cr order for supplying 2,100 e-buses from BEST

30 May 2022 CW Team

Olectra Greentech Ltd (OLECTRA) told the media that it has won the biggest ever order worth Rs 3,675 crore for supplying 2,100 electric buses from Brihanmumbai Electric Supply & Transport (BEST).

OLECTRA has won the biggest ever order in its history for 2,100 electric buses from BEST, a company statement said.

According to a company statement, Evey Trans Private Ltd (EVEY) has obtained the Letter of Award (LoA) from BEST.

EVEY shall procure these 2,100 Electric Buses either directly by itself or via its Special Purpose Vehicle (SPV) from Olectra Greentech Limited (Olectra).

This is also the biggest order in Indian Electric mobility history to date.

The company said that this order is to provide the 2,100 electric buses on the Gross Cost Contract (GCC) and Opex model for 12 years.

The buses will be delivered over 12 months. Olectra shall also undertake maintenance of these electric buses during the Contract Period.

K V Pradeep, Chairman, and Managing Director, Olectra Greentech Ltd, told the media that this transaction between Olectra and EVEY is to be considered related party transactions and shall be an arm's length base.

Operating the largest Electric Bus fleet in India's financial capital is a subject of pride. The company will provide the buses as per the schedule and would give the best commuting experience to the residents of Mumbai.

Olectra Greentech produces 12 metre AC buses. In Mumbai, it is already operating 40 Electric buses for BEST.

Currently, EVEY and Olectra Greentech are operating electric buses in various State Transport Undertakings (STU) in the nation, such as Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), Dehradun, Hyderabad, Goa, Surat, Ahmedabad, Silvassa, and Nagpur.

Established in 2000, Olectra Greentech is part of MEIL Group, which pioneered the introduction of electric buses in 2015 in India. It is also the largest manufacturer in India of Silicone Rubber and Composite Insulators for power transmission and distribution networks.

Image Source

Also read: Delhi govt to set up EV cell for fast EV policy implementation

Olectra Greentech Ltd (OLECTRA) told the media that it has won the biggest ever order worth Rs 3,675 crore for supplying 2,100 electric buses from Brihanmumbai Electric Supply & Transport (BEST). OLECTRA has won the biggest ever order in its history for 2,100 electric buses from BEST, a company statement said. According to a company statement, Evey Trans Private Ltd (EVEY) has obtained the Letter of Award (LoA) from BEST. EVEY shall procure these 2,100 Electric Buses either directly by itself or via its Special Purpose Vehicle (SPV) from Olectra Greentech Limited (Olectra). This is also the biggest order in Indian Electric mobility history to date. The company said that this order is to provide the 2,100 electric buses on the Gross Cost Contract (GCC) and Opex model for 12 years. The buses will be delivered over 12 months. Olectra shall also undertake maintenance of these electric buses during the Contract Period. K V Pradeep, Chairman, and Managing Director, Olectra Greentech Ltd, told the media that this transaction between Olectra and EVEY is to be considered related party transactions and shall be an arm's length base. Operating the largest Electric Bus fleet in India's financial capital is a subject of pride. The company will provide the buses as per the schedule and would give the best commuting experience to the residents of Mumbai. Olectra Greentech produces 12 metre AC buses. In Mumbai, it is already operating 40 Electric buses for BEST. Currently, EVEY and Olectra Greentech are operating electric buses in various State Transport Undertakings (STU) in the nation, such as Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), Dehradun, Hyderabad, Goa, Surat, Ahmedabad, Silvassa, and Nagpur. Established in 2000, Olectra Greentech is part of MEIL Group, which pioneered the introduction of electric buses in 2015 in India. It is also the largest manufacturer in India of Silicone Rubber and Composite Insulators for power transmission and distribution networks. Image Source Also read: Delhi govt to set up EV cell for fast EV policy implementation

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..