Olectra Greentech shines on receiving LoA from Vasai Virar City Municipal Corporation
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Olectra Greentech is currently trading at Rs. 1258.20, up by 24.40 points or 1.98% from its previous closing of Rs. 1233.80 on the BSE.
The scrip opened at Rs. 1254.25 and has touched a high and low of Rs. 1272.60 and Rs. 1252.30 respectively. So far 16355 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. 1272.60 and Rs. 1178.00 respectively. The current market cap of the company is Rs. 10127.12 crore.
The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 8.15% and 41.84% respectively.
Olectra Greentech has received Letter of Award (LOA) from Vasai Virar City Municipal Corporation, Mumbai for supply and maintenance of 40 Electric Buses. This order for supply of 40 Electric Buses is on outright sale basis and which shall be delivered over a period of 7 months. Value of these 40 Electric Buses supply would be Rs 62.80 crore.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
