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Olectra Greentech receives LoA from Vasai Virar City Municipal Corporation

08 Dec 2023 Evaluate

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.


Peers
Company Name CMP
Tata Motors 421.30
Ashok Leyland 148.95
Force Motors 17681.00
Olectra Greentech 1065.40
SML Mahindra 6123.40
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