Olectra Greentech's consortium gets LoA for 2,400 Electric Buses

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

22 Feb 2024 Evaluate

Consortium of Olectra Greentech and Evey Trans (EVEY) has received a Letter of Award (LoA) from Brihan Mumbai Electric Supply & Transport Undertaking (BEST / Authority) for Supply, Operation and Maintenance of 2,400 Electric Buses on Gross Cost Contract Basis. EVEY shall procure these buses from Olectra Greentech and which shall be delivered over a period of 18 months. Value of these 2,400 Electric Buses supply would be approximately Rs 4,000 crore for Olectra.

Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.

Peers

Company Name	CMP
Tata Motors	432.95
Ashok Leyland	155.40
Force Motors	17080.00
Olectra Greentech	1171.35
SML Mahindra	6524.65
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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