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
6817 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
Delhi Government Urges CAQM to Defer Fuel Ban on End-of-Life Vehicles
Kiran Murali
03 Jul 2025
In a letter to the Commission for Air Quality Management (CAQM), the government cited operational and infrastructure cha...
Hero Leads June 2025 Bike and Scooter Sales
Autocar India
03 Jul 2025
The gap between Hero and Honda is more than 1.30 lakh units.
Dacia CEO Confirms Renault Duster EV
Autocar India
03 Jul 2025
An all-electric powertrain option, along with a 4x4 option will be offered on the Duster.
