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
7670 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
Law and Logistics: Upgrading the Human Supply Chain for a 48-Hour Work Week
Shahkar Abidi
01 May 2026
While new regulations promise dignity and social security for 15 million drivers, industry veterans warn that a legacy o...
Reskilling the Workforce: The New Scorecard for India’s 3 Crore Auto Workers
Mukul Yudhveer Singh
01 May 2026
As electrification and software-defined vehicles pull the shopfloor into unfamiliar territory, the industry’s focus shif...
Honda Cars India Reports Total Dispatches of 4,938 Units in April 2026
Dev Vadchhedia
01 May 2026
A 21 percent rise in domestic sales offsets a decline in export shipments at the start of the new financial year.
