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*For EV Enthusiasts: Evey Trans Private Limited (EVEY) has received two Letter of Awards (LOAs) from Telangana State Road Transport Corporation (TSRTC) for 550 Electric Buses consisting of 500 Buses for Intra-city and 50 Buses for Inter-city operations, respectively.*



· The value of these 550 Buses supply would be approximately Rs.1,000 Crores for Olectra.

· Maintenance of these buses shall also be undertaken by the Olectra during the Contract Period.

· EVEY has been awarded with two Letter of Awards from TSRTC brief; consisting of 500 Buses for Intra-city and 50 Buses for Inter-city operations, respectively.

· These orders for supply of 500 Electric Buses and 50 Electric Buses are to be on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years and 10 years (Contract Period) respectively.

· EVEY shall procure these buses from Olectra Greentech Limited ("Olectra") and which shall be delivered over a period of 16 months.

· The value of these 550 Buses supply would be approximately Rs.1,000 Crores for Olectra.

· The transactions between Olectra and EVEY are to be considered as related party transactions and shall be conducted at arm's length basis.

ALSO RECENT TIE UP WITH #RELIANCE FOR HYDROGEN VEHICLES.