Olectra Greentech Limited — Others, 27-05-2025: News Verification

Olectra Greentech clarified that its consortium with EVEY Trans, awarded a Letter of Intent to supply 5,150 electric buses to Maharashtra State Road Transport Corporation, has received no cancellation or formal communication from MSRTC. The order is being executed via a Special Purpose Vehicle in which Olectra holds a 1% stake. The company dismissed reports of order cancellation as unsubstantiated and confirmed full compliance with disclosure requirements, reassuring investors amid recent market speculation.