CESL sweetens PM E-bus Sewa tender terms, raises single-bidder limit
CESL also allows bidders to include fresh equity raised in 2026-27 towards their net worth.
Convergence Energy Services Ltd (CESL) has expanded its third tender under the Centre’s PM E-bus Sewa scheme by including Haryana’s demand for 450 electric buses. This brings the total order size to 4,054 buses. The tender has also seen changes to the conditions to make it more attractive to bidders. The updated tender document reviewed by Mint shows these modifications.
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