CES Ltd. News and Updates

Keep track of all breaking news on CES Ltd. from all sources in a single place.

14 May 2025

GreenCell Mobility gets govt's letter of award for 472 e-Buses in MP

Business Standard

Eversource Capital-backed electric mobility firm GreenCell Mobility on Wednesday said it has received the Letter of Award (LOA) for the supply and deployment of 472 e-buses in Madhya Pradesh under the PM e-Bus Sewa Scheme. The company said it has partnered with VE Commercial Vehicles (VECV) to deploy electric buses across six cities in Madhya Pradesh. Additionally, the company said it has also joined hands with EKA Mobility for the supply and deployment of 750 e-buses across 11 cities in Andhra Pradesh. PM e-Bus Sewa Scheme is part of the Central Government's initiative to deploy 10,000 e-buses nationwide and support the Government of India's mission to electrify public transport. In FY 2024-25, CESL (Convergence Energy Services Ltd) introduced a tender for 4,588 electric buses under the PM e-Bus Sewa scheme, according to GreenCell Mobility. The company already has some 900 e-buses operational in UP, Gujarat and Maharashtra. These new contracts will see GreenCell Mobility expand

CES Ltd.

01 May 2025

CESL invites bids for deployment of 1,000 e-cars under EV as a Service' Phase-II plan

Business Line

This move follows the successful implementation of the first phase

CES Ltd.

28 Feb 2025

Motovolt Mobility Bags CESL Tender To Supply E-Bicycles To Rural Women Entrepreneurs

NDTV Profit

The company has secured the 'Sustainable Transport for Rural Entrepreneurs through Electric Cycles' project tender from Convergence Energy Services Ltd., a wholly-owned company of EESL

Motovolt Mobility bags CESL tender to supply e-bicycles to rural women entrepreneurs

Business Line | 28 Feb 2025

CES Ltd.

14 Mar 2024

CESL Floats Rate Contract For 1,000 E-Cars

NDTV Profit

The rate contract is under the 'EV as a Service' model developed by CESL and will target to deploy 1,000 e-cars across India in the first phase, the company said in a statement.

CES Ltd.

16 Aug 2023

e-Bus scheme, announced two years ago, different than CESL program

Business Line

Govt to provide 20,000 crore support over 10 yrs

CES Ltd.

01 Jun 2023

Former CESL chief Mahua Acharya joins C-Quest Capital

livemint

Acharya is rejoining CQC after previously serving as CEO of its India business, where she led the implementation of a groundbreaking large-scale energy efficiency program for Indian households using carbon finance.

Former CESL chief Mahua Acharya joins C-Quest Capital

Business Line | 01 Jun 2023

CES Ltd.

29 Jan 2023

Financing e-buses will need 25,000 crore: Former CEO, CESL

Business Line

STCs to focus on transitioning away from owning buses to delivering mobility, whilst upgrading its workforce and managing employment: Acharya

CES Ltd.

19 Jan 2023

Vishal Kapoor takes over additional charge of CESL CEO

Business Line

Kapoor will be looking after the business portfolios of electric mobility, carbon financing and battery energy storage

CES Ltd.

10 Jan 2023

GreenCell Mobility bags order for 570 electric buses from Delhi government

Business Standard

Shared e-mobility player GreenCell Mobility Ltd (GreenCell) on Monday said it has bagged an order for 570 electric buses from the Government of NCT Delhi. A tender was floated by state-owned Convergence Energy Services Ltd (CESL) under National E-bus Program (NEBP) for the order, the company said in a statement. "This contract for 6,465 E-buses under Gross Cost Contracting (GCC) basis is the largest tender for E-buses ever floated in India," it said. GreenCell had bid for 1,900 low-floor e-buses, in the tender floated by CESL, a government of India undertaking, and got a contract for 570 e-buses to be deployed over the next two years.

CESL invites bids to lease out 3,500 e-vehicles for period of up to 5 years

Business Standard | 09 Jan 2023

CES Ltd.

05 Jan 2023

CESL wants to set up 1,000-cr payment guarantee fund for e-buses

Business Line

A major concern of the bidders has been the question, what is the guarantee that the Sstate transport undertakings (STUs) will pay their dues

CESL floats tender for 4,675 e-buses

Business Line | 05 Jan 2023 5 more

Is CES Ltd. worth buying?

145 Votes:

Buy 68.97%

Sell 20.0%

Hold 11.03%