Olectra secures LOA from GSRTC for 50 e-buses
Olectra Greentech has announced that it has received the letter of award (LOA) from Gujarat State Road Transport Corporation (GSRTC) for 50 units of 9-meter electric buses.
The order is for the supply of an additional 50 electric buses on a Gross Cost Contract (GCC) / OPEX model basis for a period of 10 years, the company said in a statement.
These 50 electric buses shall be delivered within 12 months, Olectra said. The company shall also undertake the maintenance of these buses during the contract period.
With this new order, the total order book of Olectra for electric buses against the above and earlier orders is around 1350 electric buses. These 50 bus orders are part of the lately announced L-1 bidder for 353 buses (released on December 16, 2020).
"We are happy to announce that we have bagged 50 electric buses order from Gujarat State Road Transport Corporation. With this new order, our order book size has grown to around 1350 buses. We are already operating buses in Surat. With this new order, the fleet size will be 250 Electric buses in Gujarat state. This is the proudest moment for the OGL team," K V Pradeep, MD, Olectra Greentech Limited, said.