Olectra Greentech Limited — New Orders, 09-04-2025: Bagging/Receiving of orders/contracts

Olectra Greentech Limited has bagged a Letter of Award (LOA) from Himachal Road Transport Corporation (HRTC) for the supply and maintenance of 297 Electric Buses. This contract, awarded on an outright sale basis, is significant for Olectra, valued at approximately ₹424.01 Crores. The delivery of these buses is scheduled to occur over an 11-month period from the date of the LOA. This development not only reflects Olectra's strengthening position in the electric vehicle market but also presents positive growth opportunities ahead. Investors should watch closely as this contract could enhance revenue streams and bolster the company's operational footprint in the domestic electric bus segment.