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
7925 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
Tenneco Automotive India Appoints Arvind Gautam as Managing Director
Dev Vadchhedia
04 Nov 2026
R.C. Subramaniam transitions to a new global leadership role within the Tenneco Group.
Mercedes Looks to Ramp Up Parts Exports from India; Car Exports Still Under Review
Ketan Thakkar
04 Nov 2026
Chairman Ola Källenius says Indian suppliers can serve global programmes as the company strengthens sourcing relationshi...
Combustion Engines Will Remain for Another 10–15 Years, Says Mercedes Chairman
Ketan Thakkar
04 Nov 2026
Ola Källenius says the global transition will take decades, with diesel remaining in Mercedes-Benz’s portfolio for the f...
