| | JUNE 20228IN FOCUSOlectra gets 2,100 e-BusesOrder from BESTOlectra Greentech has bagged a Rs.3,675 crore order of 2,100 electric buses from the Brihanmumbai Elec-tric Supply & Transport (BEST). This is claimed to be the biggest order (Letter of Award) in Indian elec-tric mobility history. Evey Trans (EVEY) has received the Letter of Award (LoA) from BEST. Earlier it has been declared as an L1 (Least Quoted) bid-der, Olectra said in a state-ment here. This order is to supply 2,100 electric buses on the Gross Cost Contract (GCC)/Opex model for a pe-riod of 12 years. The EVEY shall procure these 2,100 electric buses either directly by itself or through its special pur-pose vehicle from Olectra Greentech.Olectra shall also undertake mainte-nance of these buses during the contract period. This transaction between Olec-tra and EVEY is to be considered related party transactions and shall be on an arm's length basis, said the company. "Running the largest electric bus fleet in India's financial capital is a matter of pride. We will deliver the buses as per the schedule and will give the best commuting experi-ence to the citizens of Mumbai", said K.V. Pradeep, Chairman and Managing Di-rector, Olectra. Leading electric mobil-ity player Olectra Greentech Limited already operates 40 electric buses for BEST in Mumbai.Currently, EVEY and Olectra Gre-entech are operating electric buses in various state transport undertakings (STU) in the country, such as Pun, Hyder-abad, Goa, Dehradun, Surat, Ahmedabad and Nagpur. SINGHAL WILL LEAD AND BUILD THE FIRM'S ENTERPRISE AND MESSAGING BUSINESS UNIT IN THE COUNTRY
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