Hot Pursuit     08-Dec-23
Olectra Greentech gains on bagging LoA from Vasai Virar City Municipal Corp
Olectra Greentech rose 1.95% to Rs 1,257.80 after the company received letter of award (LoA) from Vasai Virar City Municipal Corporation, Mumbai for supply and maintenance of 40 electric buses.
The said order for the supply of 40 electric buses is on outright sale basis and which shall be delivered over a period of 7 months. The value of the electric buses would be Rs 62.80 crore.

Olectra Greentech is engaged in the manufacturing of composite polymer insulators, electric buses and electric trucks.

The company's consolidated net profit surged 138.3% to Rs 18.06 crore on 73.2% jump in net sales to Rs 307.16 crore in Q2 FY24 over Q2 FY23.

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 ( Corporate News - 31-Oct-23   17:42 )
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