Olectra Greentech receives Rs151 crore order for 100 e-buses; Stock rallies 3%

5 Sep 2022 , 09:17 AM

Olectra Greentech Limited has received Letter of Award from one of the State Transport Corporations for 100 Electric Buses.

As per the filing, this order for supply of 100 Electric Buses is on outright sale basis and which shall be delivered over a period of 9 months. The company shall be responsible for maintenance of these buses for a period of 5 years.

The value of these 100 Buses supply would be approximately Rs151 crore for Olectra, the company said in a filing.

At around 9:17 AM, Olectra Greentech was trading at Rs658 per share higher by 3.12% on the BSE.

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