Olectra Greentech Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 about reduction in number of buses which have been awarded by TSRTC.'.
OLECTRA · price
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Awaiting price reaction for this filing.
Olectra Greentech has informed the stock exchanges that Telangana State Road Transport Corporation (TSRTC) has reduced the number of buses originally awarded to the company. TSRTC is one of Olectra's key government clients for electric buses. The exact number of buses cut and the revised order size have not been disclosed in this intimation. The reduction could impact the company's electric bus order pipeline and revenue visibility from this contract. The filing was made under Regulation 30 of SEBI LODR, which covers material disclosures to the stock exchanges.
Negative for shareholders — a reduction in buses awarded by a major state transport client weakens Olectra's order book and could pressure near-term revenue from the e-bus segment. Watch for follow-up disclosures on the revised order size and any impact on the company's financial guidance.