Olectra Greentech emerges as lowest bidder for supply of 327 electric buses to Himachal Pradesh – Reports

Olectra Greentech Limited (BSE: 532439) has emerged as the lowest (L-1) bidder for supplying 327 electric buses to the Himachal Pradesh State Road Transport Corporation (HRTC). The tender involves 297 nine-meter electric buses and 30 twelve-meter electric buses.

Olectra participated in HRTC’s tender process by submitting both technical and price bids. The technical bids were opened on August 24, 2024, followed by the price bids on October 4, 2024. Although Olectra has been identified as the lowest bidder, final confirmation or official declaration of the contract is still awaited. The award of the contract will be subject to HRTC’s formal declaration and subsequent negotiations.

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The company reiterated its commitment to making timely disclosures to exchanges as soon as the Letter of Award (LOA) or contract is issued by HRTC. If awarded, this project will further Olectra’s footprint in the electric vehicle segment, especially in the public transport sector.