Olectra Greentech bags LoI for 1,085 e-buses under PM E-Drive schemeOlectra Greentech bags LoI for 1,085 e-buses under PM E-Drive scheme

Introduction

Leading electric mobility provider secured a 12-year TGSRTC contract for 1,085 electric buses, including supply, operation, and maintenance, with a total value of approximately ₹1,800 crore.

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Share price movement of Olectra Greentech

On February 24, 2026, Olectra Greentech Ltd opened at ₹1,042.00, up 0.10% from its previous close of ₹1,041.90. The stock reached a high of ₹1,042.00 (0.10%) and a low of ₹1,010.00. By 12:40 PM, it traded at ₹1,018.80, a 2.22% decrease, with a market cap of ₹8,362.39 crore.

EVEY Secures ₹1,800 Crore E-Bus Order

Evey Trans Private Limited (EVEY), the electric mobility arm of Olectra Greentech Limited, has received two Letters of Award from Telangana State Road Transport Corporation (TGSRTC).

The order comprises 1,025 non-AC 12-meter buses and 60 AC 12-meter buses for intra-city operations. The contract is structured on a Gross Cost Contract (GCC) or OPEX model for 12 years.

Olectra Greentech Limited will supply the buses over 20 months and undertake their maintenance. The total value of the supply contract is approximately ₹1,800 crore for Olectra during the contract period.

Stock performance of Olectra Greentech for period of 1 week, 6 months, and 1 year

Olectra Greentech Ltd gained 1.45% over the past week but declined 30.6% in the past six months. The stock fell 11.4% over the past one year.

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Shareholding pattern of Olectra Greentech

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	50.00%	50%	50%
FII	6.90%	7.00%	5.70%
DII	0.80%	0.70%	0.50%
Public	42.30%	42.30%	43.80%

About Olectra Greentech

Olectra Greentech Ltd (NSE: OLECTRA), incorporated in 2000 and based in Hyderabad, manufactures composite polymer insulators and electric buses, serving domestic and commercial transportation sectors in India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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