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Olectra Greentech shares jump 4% on ₹1,800 crore Telangana e-bus orderOlectra Greentech has secured a ₹1,800 crore order from the Telangana government to supply 1,085 electric buses. The stock rose over 4% intraday.By Sheersh Kapoor  February 23, 2026, 2:19:02 PM IST (Published)2 Min ReadShares of Olectra Greentech Limited gained over 4% on Monday after the company said its associate, Evey Trans Private Limited (EVEY), received two Letters of Award from Telangana State Road Transport Corporation (TGSRTC) for the supply, operation and maintenance of 1,085 electric buses.

The order comprises 1,025 12-metre non-AC buses and 60 12-metre AC buses for intra-city operations. The contract will be executed under a Gross Cost Contract (GCC) or OPEX model for a period of 12 years. The buses are to be delivered over 20 months.

Under the arrangement, EVEY will procure the buses from Olectra. The value of the supply for 1,085 buses is estimated at approximately ₹1,800 crore for Olectra. The company will also undertake maintenance of these buses during the 12-year contract period.

The filing clarified that the transaction between Olectra and EVEY falls under related party transactions and will be conducted on an arm’s length basis.

Following the announcement, the stock touched an intraday high of ₹1,061.50. As of 2:03 PM on the NSE, shares were trading at ₹1,056.40, up ₹41.90 or 4.13%.

Also Read: Olectra Greentech Q3 profit flat at ₹46.4 crore as margins narrow

Earlier in February, Olectra reported largely stable Q3 performance. Net profit rose 0.3% year-on-year to ₹46.4 crore, while revenue from operations climbed 28.8% to ₹663.6 crore. EBITDA increased 17.7% to ₹93 crore, though margins moderated amid strong execution.Continue ReadingTagsOlectra Greentech OGLorder winshare market todayTelangana Government