{"id":115154,"date":"2023-12-08T12:51:54","date_gmt":"2023-12-08T07:21:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115154"},"modified":"2023-12-08T12:51:59","modified_gmt":"2023-12-08T07:21:59","slug":"ev-stock-jumps-after-it-receives-order-worth-62-80-cr-for-supply-of-40-electric-buses","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-receives-order-worth-62-80-cr-for-supply-of-40-electric-buses\/","title":{"rendered":"EV stock jumps after it receives order worth \u20b9 62.80 Cr for supply of 40 electric buses\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4163520347\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading electric vehicle manufacturers jumped 2 percent in the day\u2019s trade after it received orders for the supply and maintenance of 40 Electric Buses.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1716621460\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 11:08 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/OLECTRA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Olectra Greentech Limited<\/a><\/strong> were trading at Rs. 1,242.50, up .72 percent from its previous day\u2019s close price of Rs. 1,233.65 and its market capitalization is Rs. 10,245 Crores.\u00a0<\/p><p>Olectra Greentech Limited has received orders worth Rs. 62.80 Crores from Vasai Virar City Municipal Corporation, Mumbai, for the supply and maintenance of 40 Electric Buses on an outright sale basis which shall be delivered over 7 months.&nbsp;<\/p><p>Olectra Greentech is primarily engaged in the manufacturing of electric buses and composite polymer insulators. It manufactures 7-meter, 9-meter, and twelve-meter models of air-conditioned electric buses in India.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1362922563\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It has its Manufacturing facilities in Hyderabad, with a current manufacturing capacity of 1,500 units per year, and as of November 2023, it has 8,209 Orders On hand.&nbsp;<\/p><p>It is Setting up a new greenfield plant with a capacity of 5,000 units per year and scalability of up to 10,000 units per year and it has acquired 150 acres of land in Hyderabad for the purpose.&nbsp;<\/p><p>Segmental revenue breakup is as follows, it generated 87.06 percent of its revenue from the E-Bus Division, 10.91 percent from the Insulator division, and the rest 2.02 percent from E- Truck division.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 83.86 percent from Rs. 593.26 Crores in FY22 to Rs. 1,090.76 Crores in FY23, accompanied by increasing profits of Rs. 35.35 Crores to Rs. 65.59 Crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-894639183\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading electric vehicle manufacturers jumped 2 percent in the day\u2019s trade after it received orders for the supply and maintenance of 40 Electric Buses.&nbsp; At 11:08 a.m the shares of Olectra Greentech Limited were trading at Rs. 1,242.50, up .72 percent from its previous day\u2019s close price of Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6941,15023,8890,948,936],"class_list":["post-115154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-olectra-greentech-latest-news","tag-olectra-greentech-orders","tag-olectra-greentech-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV stock jumps after it receives order worth \u20b9 62.80 Cr for supply of 40 electric buses\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of one of the leading electric vehicle manufacturers jumped 2 percent in the day\u2019s trade after it received orders for the supply and maintenance of 40 Electric Buses.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-receives-order-worth-62-80-cr-for-supply-of-40-electric-buses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV stock jumps after it receives order worth \u20b9 62.80 Cr for supply of 40 electric buses\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of one of the leading electric vehicle manufacturers jumped 2 percent in the day\u2019s trade after it received orders for the supply and maintenance of 40 Electric Buses.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-receives-order-worth-62-80-cr-for-supply-of-40-electric-buses\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-08T07:21:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-08T07:21:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/electric-cover-image-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-receives-order-worth-62-80-cr-for-supply-of-40-electric-buses\/\",\"url\":\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-receives-order-worth-62-80-cr-for-supply-of-40-electric-buses\/\",\"name\":\"EV stock jumps after it receives order worth \u20b9 62.80 Cr for supply of 40 electric buses\u00a0 - 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