Olectra Greentech rises on awarding contract to Megha Engineering & Infrastructures
Olectra Greentech is currently trading at Rs. 1328.00, up by 21.35 points or 1.63% from its previous closing of Rs. 1306.65 on the BSE.
The scrip opened at Rs. 1320.55 and has touched a high and low of Rs. 1345.00 and Rs. 1314.95 respectively. So far 8418 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1465.00 on 13-Jul-2023 and a 52 week low of Rs. 374.35 on 23-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1395.50 and Rs. 1275.80 respectively. The current market cap of the company is Rs. 10725.08 crore.
The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 9.13% and 40.86% respectively.
Olectra Greentech has awarded a contract for construction of the greenfield electric vehicle manufacturing facility on 150 Acres of the land situated at Seetharampur, Hyderabad, Telangana (Greenfield EV Manufacturing Facility or Project) to Megha Engineering & Infrastructures (MEIL) which is the ultimate holding company and a related party to Olectra Greentech.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
