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Olectra Greentech’s arm bags LOAs from TGSRTC

23 Feb 2026 Evaluate

Olectra Greentech’s subsidiary—Evey Trans (EVEY) has received two Letters of Award (LOAs) from Telangana State Road Transport Corporation (TGSRTC) for supply, operation and maintenance of 1,085 Electric Buses, comprising 1,025 (12-Meter Non-AC) Buses and 60 (12-Meter AC) Buses respectively for intra-city operations. 

These orders for the supply of 1,085 Electric Buses are on a Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years (Contract Period). EVEY shall procure these buses from Olectra Greentech (Olectra), which shall be delivered over a period of 20 months. The value of the supply of these 1,085 buses would be approximately Rs 1,800 crore for Olectra. Maintenance of these buses will also be undertaken by Olectra during the Contract Period.

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


Olectra Greentech Share Price

1244.65 -12.45 (-0.99%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ashok Leyland 162.10
Force Motors 19900.20
Olectra Greentech 1244.65
Tata Motors 409.95
SML Mahindra 3721.95
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