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Olectra Greentech Secures ₹1800 Crore Telangana Electric Bus Order, Shares Jump 4%
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Olectra Greentech Shares Surge 4% on ₹1800 Crore Telangana Electric Bus Order
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Moneycontrol
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23-02-2026, 16:23
Olectra Greentech Shares Surge 4% on ₹1800 Crore Telangana Electric Bus Order
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Olectra Greentech's shares gained up to 4.5% on February 23, closing with a 3% increase.
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Evey Trans Private Limited (EVEY) secured an order from TGSRTC for 1085 electric buses, valued at ₹1800 crore.
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The order includes 1025 non-AC and 60 AC 12-meter buses, with a 12-year contract period.
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EVEY will procure these buses from Olectra Greentech, with delivery expected within 20 months.
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Olectra Greentech, part of the MEIL Group, will also be responsible for bus maintenance during the contract.
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