The shares of the electrical bus producer have fallen as much as 8 % in at the moment’s buying and selling session after the Maharashtra authorities canceled the Rs 10,000 crore e-buses order.
With a market capitalization of Rs 10,304.01 crore, the shares of Olectra Greentech Ltd have been buying and selling at Rs 1,266.55 per share, lowering round 5.86 % as in comparison with the earlier closing worth of Rs 1,345.35 apiece.
The shares of Olectra Greentech Ltd have seen bearish motion after Maharashtra’s Transport Minister canceled the Rs 10,000 crore e-bus order, citing supply delays. The directive impacts a significant tender awarded to the corporate. Nonetheless, Olectra Greentech has not formally confirmed the cancellation, leaving buyers awaiting readability on the order’s standing and future developments.
Moreover, throughout a Monday assembly at MSRTC headquarters, the minister revealed that Olectra did not ship any of the 1,000 buses due by Might 22, regardless of a revised schedule. Citing doubts over future deliveries, the choice was made to cancel the tender settlement with the corporate.
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Moreover, on July 7, 2023, a consortium of Olectra Greentech and Evey Trans obtained a ₹10,000 crore LoI from MSRTC to produce 5,150 electrical buses over 24 months. Evey will procure buses from Olectra, which can deal with upkeep all through the 12-year contract interval ending in July 2035.
Trying ahead to the corporate’s monetary efficiency, income jumped by 55 % from Rs 289 crore in Q4FY24 to Rs 449 crore in Q4FY25. Throughout the identical interval, internet earnings jumped by 40 % from Rs 15 crore to Rs 21 crore.
As of March 31, 2025, the corporate reported a complete section income of Rs 44,891.89 lakh, comprising Rs 5,433.78 lakh from the Insulator division and Rs 39,458.11 lakh from the E-vehicle division.
Olectra Greentech Restricted is an India-based firm primarily engaged within the manufacturing of composite polymer insulators and electrical buses. The Firm operates by three segments: Insulator division, e-bus division, and e-truck division. Its foremost merchandise embody energy insulation and electrical buses.
Written by Abhishek Singh
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