Olectra Greentech Limited has informed the exchange about Bagging of order from Himachal Road Transport Corporation (HRTC) for supply of 297 Electric Buses.
Awaiting price reaction for this filing.
Olectra Greentech has won an order from Himachal Road Transport Corporation (HRTC), a state government entity, to supply 297 Electric Buses on an outright sale basis along with maintenance. The total order value is approximately Rs. 424.01 crores for Olectra. Delivery will be completed over an 11-month period from the date of the Letter of Award. The order is fully domestic and does not involve any related party transactions. The disclosure was made to BSE and NSE under SEBI Listing Regulations on April 9, 2025.
This is a sizable order (Rs. 424+ crores) that should boost Olectra's order book and revenue visibility over the next year, reinforcing its position in the electric bus segment. Positive for the stock in the short term, though execution and delivery timelines will be key for investors to track.