Amid the push for clean mobility across Indian states, a unit of Olectra Greentech Ltd has won an order to supply 1,085 electric buses to Telangana.
EVEY TRANS PVT. Ltd. has received a total of two so-called award letters ₹Rs 1,800 crore from Telangana State Road Transport Corporation for supply, operation and maintenance of 1,085 electric buses for intracity operations, according to an exchange filing on Monday (February 23, 2026).
- The order includes 1,025 units of 12-metre non-AC electric buses and 60 units of 12-metre AC electric buses.
- Olectra Greentech, which is the primary supplier of EVEY, is required to fulfill the order within the next 20 months.
The contract is structured under the Gross Cost Contract (GCC) or OPEX model, a common framework in Indian public transport aimed at reducing the upfront capital burden on state utilities.
The agreement spans a 12-year contract period, ensuring long-term revenue flow for Olectra Greentech through recurring maintenance and operational support.
The transaction qualifies as a related-party transaction conducted on an “arm’s length” basis. There was no expression of interest from Olectra’s promoters or group companies in award-giving body TGSRTC.
