Follow us
Olectra Greentech stock surges as company bags order for 2,400 electric buses
The stock had hit a 52-week high today at Rs 2,221.95.
By Autocar Professional Bureau
7910 Views
Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supply of 2,400 electric buses.
The company’s stock ended 1.95 percent higher on the NSE, closing at Rs 2,102.95. The stock had hit a 52-week high today at Rs 2,221.95.
As per the company’s regulatory filing, the letter of award from the authority pertains to the supply, operation, and maintenance of those electric buses on a gross cost contract basis (GCC) or OPEX model basis for 12 years.
However, these buses shall be delivered over eighteen months.
According to Olectra Greentech, the value of these buses would be around ₹4,000 crore for the company.
RELATED ARTICLES
Ursaa Energyworx Launches Ursaa Hybrid Platform for Fleet Operations and Battery Data
Shruti Shiraguppi
24 Oct 2026
Ursaa Hybrid links vehicle movement and utilisation data with battery performance, charging activity and route execution...
Lumax Auto Technologies to Set Up ₹150 Cr Mechatronics Plant at Manesar
Shruti Shiraguppi
24 Oct 2026
The plant is expected to generate peak annualised turnover of around ₹500 crore after commissioning.
Lumax Auto Technologies Q2 Consolidated Profit Rises 50% to ₹116.67 Cr
Shruti Shiraguppi
24 Oct 2026
Consolidated revenue from operations rose to ₹1,555.51 crore in the quarter from ₹1,156.36 crore a year earlier.
