Olectra Greentech Subsidiary Secures ₹1,800 Crore E-Bus Contract from TGSRTC – EQ
In Short : Olectra Greentech Limited announced that its subsidiary has received a ₹1,800 crore electric bus order from Telangana State Road Transport Corporation. The contract strengthens the company’s order book and supports Telangana’s push toward sustainable public transportation through large-scale induction of electric buses.
In Detail : Olectra Greentech Limited has secured a major boost to its electric mobility business after its subsidiary bagged an order worth ₹1,800 crore from Telangana State Road Transport Corporation. The contract involves the supply of a significant number of electric buses aimed at modernizing and decarbonizing public transport services in Telangana.
The order marks one of the largest state transport undertakings’ commitments toward fleet electrification in the region. It reflects the growing confidence of public transport authorities in electric bus technology as a viable, cost-effective, and environmentally friendly alternative to conventional diesel fleets.
Under the agreement, the subsidiary will manufacture, supply, and likely maintain the electric buses over a specified contract period. Such large-scale deployments typically operate under gross cost contract models, where the manufacturer manages operations while the transport corporation pays per kilometer of service.
The addition of these e-buses is expected to significantly reduce carbon emissions, fuel costs, and urban air pollution. Electric buses also offer lower operational noise levels and improved passenger comfort, contributing to better urban mobility experiences.
For Olectra Greentech, the order substantially strengthens its existing order book and enhances revenue visibility over the coming years. It further consolidates the company’s position as a leading electric bus supplier in India’s fast-growing EV public transport segment.
The move aligns with broader national and state-level initiatives promoting electric mobility, including financial incentives and policy support to accelerate adoption. Telangana has been actively encouraging clean transport solutions as part of its sustainable development agenda.
The contract is also likely to generate employment opportunities in manufacturing, maintenance, and operations. Expansion of domestic production capacity supports the government’s emphasis on local manufacturing and self-reliance in advanced mobility technologies.
As state transport undertakings increasingly transition toward cleaner fleets, large contracts such as this underline the accelerating shift in India’s public transportation ecosystem. The ₹1,800 crore order signals strong momentum in the electric bus market and reinforces the role of electric mobility in shaping the future of sustainable urban transport.
