JBM Auto bags Rs 7,500-cr order for 1,390 electric buses, stock jumps 5%

The new order helped the company stock jump 5.63% to Rs 1980.70 on BSE on Tuesday as of 11:15 am.

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26 Aug, 2025 12:21

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JBM Ecolife Mobility, a subsidiary of JBM Auto, announced on Tuesday that it has bagged a Rs 7,500-crore order of 1,390 electric buses.

The tender has been awarded by the Convergence Energy Services Limited (CESL) for the procurement, supply, operation and maintenance of the buses under the PM-eBus Sewa Scheme. The firm will also be responsible for the development of allied electric and civil Infrastructure on gross cost contracting (GCC) under the scheme.

The order has to be executed within the next 12 to 18 months.

The new order helped the company stock jump 5.63% to Rs 1,980.70 on BSE on Tuesday as of 11:15 am.