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.
7819 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
Bharat Forge Plans Up to ₹2,500-Crore Fund Raise to Back Capacity Expansion
Darshan Nakhwa
10 Aug 2026
Funds will support investments across large engines, power generation, semiconductors and aerospace, besides new facilit...
MoRTH Orders Mechanized Covers on All Tippers
Shahkar Abidi
10 Aug 2026
Ministry makes powered load-body covers mandatory, in effect from April 1, 2027.
Ashok Leyland Raises Rs 300 Crore via NCD Issue
Autocar Professional Bureau
10 Aug 2026
Commercial vehicle major secures debt capital through private placement.
