CESL finds cheaper e-bus rates in tender

The Union government's demand aggregation agency, Convergence Energy Services Ltd (CESL), has discovered prices lower than earlier estimates for the massive 10,900 electric bus tender covering five cities under the PME-Drive scheme, even as a dispute raised by Ashok Leyland's subsidiary OHM Global Mobility over its inability to bid remains unresolved.

- Manas Pimpalkhare & Ayaan Kartik

A CESL statement Wednesday said the tendering process had concluded with the opening of 14 technically qualified bidders, out of the 16 bids received in total. “The financial bids of 14-technically qualified bidders were opened. The rates discovered are attractive and lower than the estimates,” it said. CESL did not share the rates discovered in this tender, but