19 March 2024 – JBM Ecolife Mobility, a subsidiary of JBM Auto, has clinched a monumental order worth Rs 7,500 crore for the supply of 1,390 electric buses. The significant tender was awarded by Convergence Energy Services Limited (CESL) under the PM-eBus Sewa Scheme.
The scope of the contract includes the procurement, supply, operation, and maintenance of the electric buses, as well as the development of associated electric and civil infrastructure under gross cost contracting (GCC) arrangements. The order must be fulfilled within the next 12 to 18 months.
The announcement of this lucrative contract has propelled JBM Auto’s stock, witnessing a remarkable surge of 5.63% to reach Rs 1,980.70 on the Bombay Stock Exchange (BSE) as of 11:15 am.
This development marks a significant milestone for JBM Auto, further solidifying its position in the electric mobility sector. It also underscores the company’s commitment to sustainable transportation solutions and aligns with the government’s initiatives to promote electric mobility and reduce carbon emissions.
