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
7727 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
India's Tyre Exports Hit Record High in FY26
Sarthak Mahajan
03 Jun 2026
Shipments crossed ₹27,312 crore, growing 9% for a second straight year, as manufacturers diversified into over 170 marke...
JBM Auto Captures 49% of India's Electric Bus Market in May
Sarthak Mahajan
03 Jun 2026
The Delhi-based automaker registered 157 electric buses in May 2026, capturing 49 percent of the national market as Indi...
Tata Motors Launches Intra V40 CNG Pickup
Sarthak Mahajan
03 Jun 2026
Tata Motors has introduced the Intra V40, a bi-fuel CNG and petrol small commercial vehicle aimed at last-mile cargo ope...
