The Mumbai-based Vasai-Virar City Municipal Corporation placed an order with electric vehicle manufacturer Olectra Greentech on Thursday for the delivery and upkeep of forty e-buses, valued at Rs 62.80 crore.
This bus order, which is worth Rs 62.80 crore, is being sold entirely, according to a regulatory filing from Olectra Greentech.
In a regulatory filing, the business stated, ‘Olectra Greentech Limited LOA (letter of award) from Vasai Virar City Municipal Corporation, Mumbai for supply and maintenance of 40 electric buses.’
According to Olectra Greentech, this supply order is for an outright sale, and the buses will be delivered over the course of seven months.
On the back of an order for electric buses worth Rs 62.8 crore, Olectra Greentech’s shares rise 2.5%.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
