Olectra bags Rs 1000 crore order from TSRTC

Olectra Greentech Limited on Monday said it has received an order for 550 pure electric buses from the Telangana State Road Transport Corporation (TSRTC).

Olectra, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL). The buses will be delivered over 16-months. “These orders for supply of 550 electric buses are to be on gross cost contract (GCC) / OPEX model basis,” the company said in a BSE filing.

K V Pradeep, chairman and managing director of Olectra Greentech Limited, said, “We won the order for the supply of 50 standard floor 12-metre intercity coach e-buses and 500 low floor 12-metre intracity e-buses from the TSRTC. Olectra’s pure e-buses will significantly reduce the noise and emission levels in the city of Hyderabad.”

“Olectra’s association with TSRTC began in March 2019, with 40 e-buses. These e-buses have been plying from the airport to various destinations in Hyderabad. Exactly four years later, in March 2023, Olectra has partnered with TSRTC once again for 550 e-buses,” Pradeep said.

TSRTC has allotted five depots in the twin cities for the deployment and operations of these e-buses.

Pradeep said, “Olectra’s electric buses lower operating costs for the state-owned transport corporation.”

TSRTC Chairman, MLA Bajireddy Govardhan, said, “It is clear that it has been decided to bring electric buses to protect the environment. The TSRTC has plans to make 3,400 electric buses available across the state in the next two years.”

Managing Director VC Sajjanar, said, “TSRTC hopes to make electric buses available across Hyderabad by March 2025 in phased manner.”