JBM Ecolife Mobility, a subsidiary of JBM Auto, revealed on Tuesday that it secured a significant contract worth Rs 7,500 crore for the supply of 1,390 electric buses.
The contract, awarded by Convergence Energy Services Limited (CESL), encompasses procurement, supply, operation, and maintenance of the buses as part of the PM-eBus Sewa Scheme. Additionally, the firm will oversee the development of associated electric and civil infrastructure on a gross cost contracting (GCC) basis under the scheme.
The company is tasked with fulfilling the order within the next 12 to 18 months.
Following the announcement, the company’s stock surged by 5.56% to reach Rs 1,980.00 on the BSE as of 11:40 am on Tuesday.
