Olectra Greentech gains on begining heavy-duty Electric tipper trials
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Olectra Greentech is currently trading at Rs. 712.00, up by 6.30 points or 0.89% from its previous closing of Rs. 705.70 on the BSE.
The scrip opened at Rs. 712.05 and has touched a high and low of Rs. 720.00 and Rs. 694.55 respectively. So far 44545 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 940.45 on 16-Dec-2021 and a 52 week low of Rs. 169.00 on 11-May-2021.
Last one week high and low of the scrip stood at Rs. 734.00 and Rs. 668.20 respectively. The current market cap of the company is Rs. 5858.51 crore.
The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 8.79% and 41.20% respectively.
Olectra Greentech (OLECTRA) has successfully begun 6x4 heavy-duty Electric tipper trials, as part of its initiative to expand its product portfolio into electric truck segment. Pioneer and market leader in electric bus manufacturing, Olectra now entered into truck manufacturing and this prototype is built on heavy-duty electric tipper platform.
The first of its kind truck in India, Olectra tipper, with a 220-km range on a single charge, is built with a heavy-duty bogie suspension tipper capable of managing gradability of more than 25 per cent (scaling slopes on roads with elevation, and ghat roads). The manufacturing will be scaled up in the state-of-the-art facility coming up on the outskirts of Hyderabad soon.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
