Olectra Greentech bags order for 297 electric buses from HRTC

New Delhi, Apr 9 (PTI) Electric vehicle maker Olectra Greentech on Wednesday said it has bagged an order for 297 non-air-conditioned electric buses valued at Rs 427 crore from the Himachal Road Transport Corporation (HRTC).
    Specially designed to navigate the challenging hilly terrains of Himachal Pradesh, these electric buses offer a seating capacity of 30 passengers and can travel up to 180 kilometers on a single charge, the company said in a statement.
    The total order is valued at Rs 424 crore, making it one of the largest single-state electric bus procurements under the outright purchase model, it added.
    "We are delighted to receive India’s first and largest outright order for electric buses. It is truly a proud moment for us and a testament to the trust placed in Olectra’s capabilities," Olectra Greentech Chairman & Managing Director V Pradeep said.
    Shares of the company on Wednesday ended 1.15 per cent down at Rs 1,090.70 apiece on BSE.

(This story has not been edited by THE WEEK and is auto-generated from PTI)