Ola Electric Bags ₹366.78 Cr PLI Incentive; Stock Watch on Friday

• Ola Electric received ₹366.78 crore under the PLI-Auto Scheme for FY 2024-25.
• The incentive was approved by the Ministry of Heavy Industries, Government of India.
• Disbursement will be handled by IFCI Limited, the designated financial institution.
• The company highlights its significant role in India's advanced automotive manufacturing ecosystem.
• Stock closed up nearly 2% on Wednesday; impact expected on Friday as market was closed Thursday.

Why It Matters: Ola Electric secures a significant government incentive, boosting its role in India's EV manufacturing.