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

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Infrastructure Transport

31 Oct 2025

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Infrastructure Urban

31 Oct 2025

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..