Olectra Greentech Lands Deal to Deliver 40 Electric Buses to Vasai Virar City Municipal Corporation
Olectra Greentech Limited has a big achievement! They got a special letter from the Vasai Virar City Municipal Corporation in Mumbai. The letter says Olectra Greentech Limited will provide and take care of 40 Electric Buses for them.
This large deal, worth Rs. 62.80 Crores, is for the complete sale and delivery of 40 Electric Buses over a 7-month period. Vasai Virar City Municipal Corporation is the domestic body that awarded the contract.
Based on the stated terms and circumstances, Olectra Greentech Limited was able to successfully obtain this contract. According to the LOA, the company will provide 40 Electric Buses for an outright selling price, in addition to maintenance services.
Olectra Greentech Limited has seven months to carry out the contract’s execution, during which time it will deliver these electric buses to Vasai Virar City Municipal Corporation’s specifications.
With a contract worth of Rs. 62.80 crores, Olectra Greentech Limited and Vasai Virar City Municipal Corporation have established a partnership of considerable magnitude.
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With its dedication to creative and sustainable solutions, Olectra Greentech Limited is looking forward to this contract’s successful completion and the delivery of high-quality electric buses.
About Olectra Greentech
Olectra Greentech is a company that manufactures electric buses and composite polymer insulators in India. It is a pioneer in the field of green energy solutions for public transport and power transmission and distribution. Some of its achievements are:
✅ It is India’s first and largest pure electric bus manufacturer, having deployed over 300 e-buses across 10 cities.
✅ It is India’s first and largest supplier of EHV composite insulators, having supplied over 1.5 million units to various power utilities
✅ It has a joint venture with BYD, a global leader in electric vehicles, to design and develop e-buses for the Indian market
✅ It has a market capitalization of over Rs. 10,000 crore and a Piotroski score of 8, indicating strong financial performance and quality management.
