Olectra Greentech bags electric bus orders worth Rs. 10000 cr

July 10, 2023
Category : 
Views: 991
Spread the word by Sharing:

July 10, 2022: Maharashtra State Road Transport Corporation (MSRTC) has placed an order for 5,150 air-conditioned (AC) electric buses to Olectra Greentech Limited and EVEY. The contract is valued at approximately Rs 10,000 crore and includes the supply, operation, and maintenance of the vehicles for up to 12 years. As per the GCC contract, the consortium will also be responsible for the electrical and civil infrastructure required for the fleet and its operations during the 12-year period. EVEY will procure the electric buses from Olectra Greentech Limited and operate.The deliveries of the buses fromOlectra are scheduled to take place over 24 months.

The news of this significant order has positively impacted Olectra Greentech Ltd.'s shares, with a surge of nearly 20% to reach a new 52-week high of Rs 1330. This indicates investor confidence and market optimism regarding the company's prospects in the electric bus industry.

Subscribe For Latest Updates

Sign up for the latest news and launches straight to your inbox

We promise not to spam you.

Spread the word by Sharing:
EVStory team is group of well seasoned journalists from the e-mobility segment with rich experience in the auto industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles from the same category:

eBikeGo unveils the Muvi 125 5G scooter


ACMA- Union Budget recommndations 2024-25


Tata Power strengthens its nationwide e-bus charging network with high-capacity fast charging points 


Magenta Mobility to deploy 100 units of Tata Ace EV.

1 2 3 152
EVStory.in - India's best EV Portal
Get a complete insight into the latest news, reports, features & in-depth analysis on the EV industry in India
Copyright 2022 EVStory LLP. All rights reserved.