Rs 500 Crore Order Bagged By Olectra Greentech
Pioneer in electric bus manufacturing firm Olectra Greentech Limited has secured a Letter of Award (LoA) from one of the State Transport Corporations for 300 Electric Buses under the FAME-II scheme of the Government of India. The value of the order is around Rs 500 crores. The project also involves a 12-year contract for the supply of 300 electric buses based on a Gross Cost Contract (GCC) / OPEX model (Contract Period).
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