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
7923 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
Steel Strips Wheels Net Turnover Rises 55.58% in October 2026
Eshisha Java
02 Nov 2026
Steel Strips Wheels records its fourth consecutive month of record sales turnover in October 2026, with net turnover ris...
Balu Forge Advances Defence and Aerospace Orders
Shruti Shiraguppi
02 Nov 2026
The company has also received approval for jet engine components and a new 105mm shell order from an Indian Government d...
Bajaj Auto October Sales Up 14.2%, Domestic Returns To Growth
Shruti Shiraguppi
02 Nov 2026
April-October volume reaches 35.79 lakh units, up 22.4% year on year; exports form 40.7% of October dispatches.
