JBM Auto Limited — New Orders, 22-12-2024: Awarding of order(s)/contract(s)

JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, has secured a significant contract for the procurement, operation, and maintenance of 343 electric buses for the Ahmedabad BRTS, awarded by Ahmedabad Janmarg Limited along with other corporates. This domestic Gross Cost Contract (GCC) is valued at approximately ₹1,800 crore, and the execution is expected to be completed within one year. This development not only reinforces JBM’s position in the electric mobility space but also signals a positive outlook for future revenue streams. Investors should watch closely as this could enhance the company’s market share and operational footprint in the public transport sector.