Olectra would give Telangana 300 electric buses for 500 crore rupees

Telangana State Road Transport Corporation (TSRTC) will receive 300 electric buses from Olectra Greentech Ltd (OLECTRA) for a cost of Rs 500 crore (TSRTC).

According to a statement, TSRTC has awarded Evey Trans Private Ltd (EVEY), a member of the Megha Engineering & Infrastructure Ltd (MEIL) group, a Letter of Award (LoA) for the supply of 300 electric buses to TSRTC.

The announcement states that this order is worth roughly Rs 500 crore.

These buses will be purchased by EVEY from Olectra Greentech Ltd and delivered over the course of 20 months. Under the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the Indian government, an order has been placed for 300 electric buses.

Under the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the Indian government, an order has been placed for 300 electric buses. These 300 e-buses will be provided for 12 years under a Gross Cost Contract (GCC)/OPEX mechanism.

These buses will be maintained by Olectra during the duration of the contract. This OLECTRA and EVEY transaction is to be regarded as a related-party transaction and is to be conducted on an arm's length basis.

Olectra Greentech Ltd. Chairman and Managing Director K V Pradeep stated, "We feel pleased to win another major order. We are honoured to provide our cutting-edge zero-emission buses to the people of Telangana. For the past three years, our buses have been operating in Hyderabad, successfully transporting customers to the airport. We'll provide the finest possible commuter experience and deliver the buses on time. Olectra Greentech Ltd. Chairman and Managing Director K V Pradeep said,

These 12-meter, low-floor, non-AC buses can accommodate 35 passengers plus a wheelchair (Driver). These 12-meter, low-floor, non-AC buses can accommodate 35 passengers plus a wheelchair (Driver).

The air suspension is electronically regulated to provide a comfortable ride. To ensure commuter safety, the buses have CCTV cameras, an emergency button, and USB ports for each seat.

Depending on traffic and passenger load, the bus's lithium-ion (Li-ion) battery enables it to drive about 200 kilometres at 80% capacity on a single charge.

A regenerative braking system on the cutting-edge bus enables it to recover some of the kinetic energy lost when braking. The battery may be charged in less than 5 hours thanks to the high-power DC charging mechanism.

Established in 2000, Olectra Greentech was a leader in the launch of electric buses in India in 2015. Additionally, it is India's top producer of silicone rubber and composite insulators used in power transmission and distribution networks.