India, Feb. 23 -- A unit of Olectra Greentech Ltd. has won an order to supply 1,085 electric buses to Telangana, amid a push for clean mobility sweeping Indian states.

EVEY Trans Pvt. Ltd. has received two so-called Letters of Award worth a total of Rs.1,800 crore from the 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 (23 February 2026).

The contract is structured under a Gross Cost Contract (GCC) or Opex model, a common framework in Indian public transport intended to reduce the upfront capital burden on state utilities.

The agreement spans a 12-year contract period, ensuring a long-term revenue stream for Ole...