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
7651 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
Bosch Strengthens India Play with EV Push and Local Partnerships
Shahkar Abidi
16 Apr 2026
At its annual media briefing on Thursday, Bosch said India is a large and one of the few globally growing markets, with ...
Scania Expands Indian Operations With New Bengaluru Office
Dev Vadchhedia
16 Apr 2026
The commercial vehicle manufacturer aims to strengthen its market presence through the new corporate office.
Samvardhana Motherson Shuts France-Based Dormant GIE Groupe AD Unit
Shahkar Abidi
16 Apr 2026
GIE was acquired by Samvardhana Motherson in 2024, as part of the acquisition of ADI Group.
