Olectra secures order for 300 e-buses worth Rs. 50 crore from TSRTC
Olectra Greentech Ltd (OLECTRA) has announced that it will supply 300 electric buses worth Rs 500 crore to Telangana State Road Transport Corporation (TSRTC).
The Megha Engineering & Infrastructure Ltd (MEIL) group company, Evey Trans Private Ltd (EVEY), has received the Letter of Award (LoA) from TSRTC for the supply of 300 electric buses to TSRTC, a statement said.
The Megha Engineering & Infrastructure Ltd (MEIL) group company, Evey Trans Private Ltd (EVEY), has received the Letter of Award (LoA) from TSRTC for the supply of 300 electric buses to TSRTC, a statement said.
During the contract period, Olectra will undertake the maintenance of these buses.
This transaction between OLECTRA and EVEY is to be considered related-party transactions and shall be on an arm's length basis.
K V Pradeep, Chairman and Managing Director, Olectra Greentech Ltd, said, "We feel happy to receive another prestigious order. We are proud to serve the Telangana citizens with our state-of-the-art zero-emission buses. Our buses have already served in Hyderabad for the last three years and are successfully transferring the passengers to the airport. We will deliver the buses per the schedule and give the best commuting experience." Currently, EVEY and Olectra Greentech Ltd are operating electric buses in various State Transport Undertakings (STU) in the country, such as Pune (PMPML), Mumbai (BEST), Goa, Deharadun, Surat, Ahmedabad, Silvasa, and Nagpur.
These 12-metre, low-floor, non-AC buses have a seating capacity of 35+wheel chair+D (Driver).
The electronically-controlled air suspension ensures a comfortable ride. The buses are equipped with CCTV cameras to ensure the safety of the commuters, an emergency button, and USB sockets for each seat.
The lithium-ion (Li-ion) battery in the bus enables it to travel around 200 kilometres on a single charge at 80 percent, based on traffic and passenger load conditions.
The technologically advanced bus has a regenerative braking system which allows the bus to recover part of the kinetic energy lost in braking. The high-power DC charging system enables the battery to charge in less than 5 hours.
