India's Olectra Greentech up on awarding contract for EV facility construction
** Shares of Olectra Greentech Ltd OLEC.NS rise as much as
3% to 954 rupees
** Electric bus maker to award contract to Megha Engineering
& Infrastructure for construction of its greenfield EV
manufacturing facility in Hyderabad, Telangana
** About 1.7 mln shares change hands by 3:17 p.m. IST, 0.8x
the 30-day avg - Refinitiv Data
** Stock up 91.3% YTD
(Reporting by Priya Sagar in Bengaluru)
((Priya.Sagar@thomsonreuters.com))
Recent news on Olectra Greentech
See all newsIndia's JBM Auto, Olectra gain on Delhi EV replacement plan
India's Olectra Greentech jumps on strong quarterly profit growth
India weighs $1 billion in incentives for private electric buses and trucks, Bloomberg News reports
India's Ather, Olectra Greentech and JBM Auto rise after Delhi drafts EV shift plan
Indian e-bus makers rise as government to deploy 10,000 AC e-buses by 2027