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
7801 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
Maruti Suzuki Reaffirms Commitment to Small Cars as Entry-Level Segment Shows Signs of Revival
Ketan Thakkar
27 Jul 2026
The automaker believes affordable cars will remain critical to increasing vehicle ownership in the country.
Royal Enfield Says ICE will Remain Central as Flying Flea Begins EV Journey
Kiran Murali
27 Jul 2026
The automaker looks to balance between ICE and EVs through its RE-BALANCE strategy.
CEAT Crosses Rs 15,000-Crore Revenue Mark, Chairman Flags Input Costs as FY27 Headwind
Shahkar Abidi
27 Jul 2026
Tyre manufacturer achieves highest-ever annual revenue driven by 19% growth, while flagging raw material inflation and g...
