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Lacklustre opening likely for markets ahead of RBI meet, results
April 05, 2021
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Stocks to watch out for today are Adani Enterprises, ITNL, PNC Infratech, Olectra Greentech, Ashiana Housing and ANG Lifesciences.
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Investors will closely monitor the outcome of the RBI meet and quarterly performance of India Inc, said analysts. The RBI s three-day meeting begins today, and the outcome is expected to be on April 7. Acuite Ratings believes that MPC, in its upcoming meeting, will continue to reaffirm the accommodative monetary policy despite the global increase in bond yields amidst concerns of a quicker than expected normalisation in the markets of developed economies.
Olectra-Evey Trans wins 350 EV bus order, becomes L-1 bidder for 300 buses ANI | Updated: Jan 29, 2021 14:12 IST
Hyderabad (Telangana) [India], January 29 (ANI/PRNewswire): Electric mobility leader and pioneer in electric bus manufacturing, Olectra Greentech Limited (OGL) and Evey Trans Private Limited (EVEY) has received the letter of award from Pune Mahanagar Parivahan Mahamandal Ltd for 350 electric buses under FAME-II scheme of Government of India. This order is for the supply of 350 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years.
Evey Trans will procure these 350 electric buses from Olectra Greentech, which shall be delivered over a period of seven months. The maintenance of these buses shall also be undertaken by the company during the contract period.
OGL, EVEY receive order for 350 electric buses from Pune Mahanagar Parivahan Mahamandal
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Last Updated: Jan 30, 2021, 10:59 AM IST
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Synopsis
The order is under the FAME-II scheme (Faster Adoption and Manufacturing of Electric Vehicles) for supply of 350 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years, it said in a press release.
Hyderabad: Megha Engineering & Infrastructures (Meil) group firm Olectra Greentech and its Evey Trans unit have won an order for 350 electric buses from Pune Mahanagar Parivahan Mahamandal. This is the third contract from Pune for the companies and the second in as many months. The latest order, valued at Rs 700 crore, is the biggest for EV buses in rupee terms till date in India.