JBM Ecolife-Wins Contract From CESL To Supply 1021 E-buses

JBM Ecolife Wins Contract From CESL To Supply 1,021 E-Buses

JBM Ecolife Mobility Private Limited, a JBM Auto subsidiary, was awarded the tender for the end-to-end execution of 1,021 Electric Buses and the development of allied electric and civil Infrastructure on Gross Cost Contracting [GCC] under the PM-eBus Sewa Scheme (Tender-II). 

JBM said in a regulatory filing, “The project will be supported by a Payment Security Mechanism (PSM), ensuring timely payments to electric bus operators and enhancing financial sustainability for industry stakeholders. The approximate order value of the tender stands at Rs. 5,500 Crore.”

The company further added, “These e-buses will be deployed in around 19 cities across Gujarat, Maharashtra, and Haryana. The Company received on 18th February 2025, the Letter of Confirmation of Quantities eligible for award as issued by Convergence Energy Services Limited (CESL).”

JBM further added, that the project would be completed within 12-18 months

The company further These e-buses will clock over 32 bn+ passengers e-kms and will save over 1 bn+ CO2 emissions over 12 years of deployment. With this order, the company’s robust order book now stands at 11,000+ electric buses in various stages of execution, a significant driver towards the achievement of the company’s Net Zero 2040 goal.” 

JBM Financial Result 

JBM Auto Limited, India’s leading automotive and electric vehicle company announced its consolidated results for the quarter ended 31st Dec 2024 and has shown a 7.80% increase in net profit to Rs. 52.42 crore in Q3FY25 as compared to Rs. 48.63 crore in Q3FY24.

Sales including other operating income stood at Rs. 1,396.15 crores compared to Rs. 1,346.17 crores in Q3FY24, an increase of 3.71%. The company recorded a profit before tax of Rs. 72.75 crore in Q3FY25 as compared to Rs. 65.91 crore during the third quarter in the previous year, an increase of 10.38%. EBIDTA increased by 20.29% at Rs. 192.83 crores compared to Rs. 160.30 crores in Q3FY24, and  Earnings per share (EPS) for Q3FY25 stood at Rs. 4.45, compared to Rs. 4.12 in Q3FY24.