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Goldstone Infratech shines on bagging first order for pure Electric Buses

Olectra Greentech Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 532439 | NSE: OLECTRA

16 Nov 2016 Evaluate

Goldstone Infratech is currently trading at Rs. 26.50, up by 3.50 points or 15.22 % from its previous closing of Rs. 23.00 on the BSE.

The scrip opened at Rs. 22.80 and has touched a high and low of Rs. 27.15 and Rs. 22.80 respectively. So far 76762 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 28.00 on 08-Nov-2016 and a 52 week low of Rs. 15.10 on 23-Nov-2015.

Last one week high and low of the scrip stood at Rs. 27.20 and Rs. 22.80 respectively. The current market cap of the company is Rs. 90.92 crore.

The promoters holding in the company stood at 50.85%, while Institutions and Non-Institutions held 0.28% and 48.87% respectively.

Goldstone Infratech has bagged its first order for supply of six pure Electric Buses to the Brihanmumbai Electricity Supply and Transport Undertaking (BEST), Mumbai. BEST is the civic transport and electricity provider public body based in Mumbai. This will be the first time BEST will run Electric buses in Mumbai.

The buses will be environment friendly, running fully on batteries and reduce sound & air pollution. Electric buses are also a step towards energy security for the country by saving diesel. Keeping these in view, BEST has now decided to introduce pure electric buses. The company shall be assembling these buses in India in tie up with BYD Auto Industry Co, China. The bus body will be fully built in India. Goldstone and BYD have completed trials of Midi electric bus in Manali-Rohtang pass. This is the first time any Electric bus has been used at that altitude of over 13,000 ft and at such steep gradient anywhere in the world.

Goldstone Infratech is the largest manufacturer and suppliers of Heat Shrinkable Telecom Cable Closures and other Telecom accessories in India. The company is also engaged in the manufacture of Composite Insulators & Telecom Cable Jointing Kits.

Olectra Greentech Share Price

1226.25 13.00 (1.07%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Ashok Leyland	174.75
Force Motors	22382.80
Olectra Greentech	1226.25
Tata Motors	439.15
SML Mahindra	4317.20
View more..

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Goldstone Infratech shines on bagging first order for pure Electric Buses

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