Olectra Greentech Secures ₹424 Crore Electric Bus Contract from Himachal Road Transport Corporation
Olectra Greentech has won a ₹424 crore contract from Himachal Road Transport Corporation (HRTC) to supply and maintain 297 electric buses. The company also confirmed compliance with SEBI regulations for the quarter ended March 31, 2025.

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Olectra Greentech , a leading player in the electric vehicle sector, has announced a significant new contract win, bolstering its position in the growing electric bus market in India.
Contract Details
Olectra Greentech has received a Letter of Award (LOA) from Himachal Road Transport Corporation (HRTC) for the supply and maintenance of 297 electric buses. The contract, valued at ₹424.00 crore, marks a substantial milestone for the company in its efforts to expand its footprint in the sustainable transportation sector .
Implications for Olectra Greentech
This latest contract underscores Olectra Greentech's growing prominence in the electric bus market and its ability to secure large-scale orders from state transport corporations. The deal is expected to contribute significantly to the company's order book and future revenue streams.
Market Impact
The news of this contract win is likely to be viewed positively by investors and market analysts, as it demonstrates the company's competitive edge in the rapidly evolving electric vehicle industry. It also aligns with the Indian government's push towards electric mobility and sustainable transportation solutions.
Company Compliance
In a recent filing dated April 10, 2025, Olectra Greentech confirmed its compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2025. This compliance certification, issued by M/s. Aarthi Consultants Private Limited, the company's Registrar and Transfer Agent, affirms Olectra Greentech's adherence to regulatory requirements, which is crucial for maintaining investor confidence.
Conclusion
The ₹424.00 crore contract from HRTC represents a significant opportunity for Olectra Greentech to strengthen its market position and contribute to the electrification of public transportation in India. As the company continues to secure such high-value contracts, it is poised to play a pivotal role in the country's transition to greener mobility solutions.
Historical Stock Returns for Olectra Greentech
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.75% | +7.66% | +22.14% | -26.24% | -29.97% | +1,532.22% |