Latest News | Olectra Greentech Receives Rs 62.8 Cr Order for E-bus Supply

Mumbai, Dec 7 (PTI) Electric vehicle maker Olectra Greentech on Thursday said it has received an order from Vasai-Virar City Municipal Corporation, Mumbai, for the supply and maintenance of 40 e-buses at a value of Rs 62.80 crore.

This bus order, valued at Rs 62.80 crore, is on an outright sale basis, Olectra Greentech said in a regulatory filing.

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“…Olectra Greentech Limited LOA (letter of award) from Vasai Virar City Municipal Corporation, Mumbai for supply and maintenance of 40 electric buses,” the company said in a regulatory filing.

This supply order is on an outright sale basis and these buses will be delivered over a period of seven months, Olectra Greentech said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)