Olectra Greentech Limited has informed the Exchange about Commencement of commercial production/operations
OLECTRA · price
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Olectra Greentech has declared 31st December 2025 as the Commercial Operation Date (COD) for its new Greenfield Electric Vehicle (EV) Manufacturing Facility at Seetharampur, Hyderabad, Telangana. The Phase-I capacity is 2,500 buses per annum on a per shift basis, which represents 50% of the planned total per shift capacity of 5,000 buses per annum. The company has communicated this COD declaration to State Bank of India, the lender for the project. The facility is an EV bus manufacturing unit, aligning with Olectra's focus on electric mobility.
This is a positive development for shareholders as it marks the operational launch of a new manufacturing facility, which can drive future revenue growth in the EV bus segment. The phased approach (50% of planned capacity) suggests room for further capacity expansion as demand grows.