Introduction:
EV stock gains spotlight after bagging a major order for 297 electric buses from a state transport body. The ₹424 Crore contract boosts presence in public mobility and reinforces commitment to India’s growing electric vehicle ecosystem and sustainability goals.
Share Price movement of Olectra Greentech:
On April 9, 2025, Olectra Greentech Limited opened at ₹1,103.00, reaching a high of ₹1,103.55, down 0.82% from the previous close of ₹1,103.60 and a low of ₹1,071.45. The stock closed at ₹1,094.50, with a market cap of ₹8,983.74 Crores.
Olectra Greentech receives new order:
Olectra Greentech Limited has secured a Letter of Award from Himachal Road Transport Corporation (HRTC) for supplying and maintaining 297 electric buses. The total order value stands at approximately ₹424.01 Crores, to be executed over 11 months from the LOA date.
The contract is a domestic order and involves outright sale and maintenance of the electric buses. This strategic win strengthens Olectra’s position in the electric mobility space, particularly in the public transportation sector across hill states like Himachal Pradesh.
The promoters or group companies of Olectra do not have any interest in HRTC, and the contract does not qualify as a related party transaction. This deal marks another key milestone for Olectra in advancing electric vehicle adoption in India.
Also Read: Stock jumps 8% after opening new store in West Bengal
Recent news About Olectra Greentech:
In February 2024: Olectra Greentech Secured a ₹4,000 crore contract to supply, operate, and maintain 2,400 electric buses for Brihan Mumbai Electric Supply & Transport Undertaking (BEST).
Stock performance of Olectra Greentech for Period of 1 week, 6 months and 1 year:
Olectra Greentech’s stock has experienced a sharp decline across all observed periods. Over the past week, it dropped by 8.05%. In the last six months, it fell 37.8%, while over the one-year period, the stock saw a deeper decline of 41.1%.
Also Read: Auto ancillary stock jumps 3.5% after receiving order worth ₹6.8 Cr from Bonfiglioli Transmission
Shareholding pattern of Olectra Greentech:
| Summary | Dec-24 | Sep-24 | Jun-24 |
| Promoter | 50.00% | 50.00% | 50.00% |
| FII | 5.70% | 5.60% | 7.60% |
| DII | 0.30% | 0.30% | 0.20% |
| Public | 44% | 44.10% | 42.20% |
About Olectra Greentech:
Olectra Greentech Ltd (NSE: OLECTRA) is a leading Indian electric vehicle manufacturer specializing in electric buses and green transport solutions. It plays a key role in India’s EV revolution, providing sustainable public transport options powered by advanced technology and clean energy initiatives.
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.
