Olectra Greentech Sees TSRTC Cut Inter-City Bus Order by 40 Units

MT Newswires Live
2025/06/02

Olectra Greentech Ltd (BOM:532439, NSE:OLECTRA) said Telangana State Road Transport Corporation (TSRTC) has reduced its order for 50 electric inter-city buses to 10, with the remaining 40 buses withdrawn, according to a Saturday filing on the local bourse.

The order was being executed through a special purpose vehicle, EVEY Trans (TEL) Private Limited, where Olectra holds a 26% stake. The 10 buses have already been delivered by May 2023.

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