JBM Auto shares rally 12% as PM -eBus Sewa gets Cabinet approval
The bus procurement will be done under PPP mode. There would be competitive bidding and the scheme will run till 2037.
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The bus procurement will be done under PPP mode. There would be competitive bidding and the scheme will run till 2037.
Under the scheme, 10,000 e-buses will be deployed on a public-private partnership (PPP) model in 169 cities.
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Power Grid's consolidated net profit fell 5% to Rs 3,597 crore in the first quarter. The company's Board has also recommended the issue of bonus shares in the ratio of 1:3.
These agreements -- part of the Maharatna company's plan to position itself as the focal funding agency for energy transition -- were signed with companies in the solar, wind, green hydrogen, battery storage, and electric vehicles space as well as manufacturers of green energy equipment.