{"id":636080,"date":"2024-02-24T09:50:50","date_gmt":"2024-02-24T04:20:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=636080"},"modified":"2024-02-24T10:53:35","modified_gmt":"2024-02-24T05:23:35","slug":"olectra-green-shares-rise-to-52-week-high-on-rs-4000-cr-order-for-electric-buses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/olectra-green-shares-rise-to-52-week-high-on-rs-4000-cr-order-for-electric-buses\/","title":{"rendered":"Olectra Green shares rise to 52-week high on Rs 4000 cr order for electric buses"},"content":{"rendered":"<p>Shares of Olectra Greentech Ltd surged by 10%, hitting a fresh 52-week high of Rs 2,221.95 apiece on the NSE on Thursday. The electric bus manufacturer received a substantial order from Brihanmumbai Electricity Supply and Transport Undertaking (BEST) for the supply, operation, and maintenance of 2,400 electric buses, with a staggering order value of Rs 4,000 crore. <\/p>\n<p>The order for the supply of 2,400 electric buses will be executed under a gross cost contract (GCC) and opex model for a duration of 12 years, as revealed in a regulatory filing by Olectra Greentech. The company will also be responsible for the maintenance of these buses throughout the contract period, with the deliveries scheduled over the next 18 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Olectra Greentech Ltd surged by 10%, hitting a fresh 52-week high of Rs 2,221.95 apiece on the NSE on Thursday. The electric bus manufacturer received a substantial order from Brihanmumbai Electricity Supply and Transport Undertaking (BEST) for the supply, operation, and maintenance of 2,400 electric buses, with a staggering order value of Rs 4,000 crore. The order for the supply of 2,400 electric buses will be executed under a gross cost contract (GCC) and opex model for a duration of 12 years, as revealed in a regulatory filing by Olectra Greentech. The company will also be responsible for [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-636080","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/636080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=636080"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/636080\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=636080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=636080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=636080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}