Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electrical Provide & Transport Enterprise (BEST) for provide of two,400 electrical buses.
The corporate’s inventory ended 1.95 per cent greater on the NSE, closing at ₹2,102.95. The inventory had hit a 52-week excessive immediately at ₹2,221.95.
As per the corporate’s regulatory submitting, the letter of award from the authority pertains to the provision, operation, and upkeep of these electrical buses on a gross value contract foundation (GCC) or OPEX mannequin foundation for 12 years.
Nevertheless, these buses shall be delivered over eighteen months.
In response to Olectra Greentech, the worth of those buses could be round ₹4,000 crore for the corporate.
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