Olectra Greentech surges on receiving Letter of Award for supply of 100 Electric Buses
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Olectra Greentech is currently trading at Rs. 651.75, up by 13.65 points or 2.14% from its previous closing of Rs. 638.10 on the BSE.
The scrip opened at Rs. 660.00 and has touched a high and low of Rs. 660.85 and Rs. 647.90 respectively. So far 21446 shares were traded on the counter.
The BSE group 'A' 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. 309.05 on 03-Sep-2021.
Last one week high and low of the scrip stood at Rs. 665.15 and Rs. 590.55 respectively. The current market cap of the company is Rs. 5351.66 crore.
The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 9.05% and 40.93% respectively.
Olectra Greentech has received Letter of Award from one of the State Transport Corporations for 100 Electric Buses. This order for supply of 100 Electric Buses is on outright sale basis and which shall be delivered over a period of 9 months. The company shall be responsible for maintenance of these buses for a period of 5 years. The value of these 100 Buses supply would be around Rs 151 crore for Olectra.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
