India's Olectra Greentech rises on $122 mln electric bus order win

Olectra Greentech

06/03/2023 05:26

** Shares of Olectra Greentech  OLEC.NS  rise as much as
5.8% to 550.95 rupees, highest since Feb. 28
    ** Electric bus maker says its subsidiary Evey Trans won
order to supply 550 buses to Telangana State Road Transport
Corporation
    ** Order valued at about 10 bln rupees ($122.3 mln)
    ** More than 588,000 shares traded by 10.37 a.m. IST vs
30-day avg of 1.4 mln shares
    ** Stock up 9.3% so far this year after losing 38% in 2022
    
    ($1 = 81.7900 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))