Shares of Olectra Greentech Ltd surged by 10%, hitting a fresh 52-week high of Rs 2,221.95 apiece on the NSE on Thursday. The electric bus manufacturer received a substantial order from Brihanmumbai Electricity Supply and Transport Undertaking (BEST) for the supply, operation, and maintenance of 2,400 electric buses, with a staggering order value of Rs 4,000 crore.
The order for the supply of 2,400 electric buses will be executed under a gross cost contract (GCC) and opex model for a duration of 12 years, as revealed in a regulatory filing by Olectra Greentech. The company will also be responsible for the maintenance of these buses throughout the contract period, with the deliveries scheduled over the next 18 months.
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In an official statement, Olectra Greentech disclosed, “Consortium of Olectra Green tech Limited (‘Olectra/ Company”) and Evey Trans Private Limited (‘EVEY’) has received a Letter of Award (‘LOA’) from Brihan Mumbai Electric Supply & Transport Undertaking (BEST / Authority) for Supply, Operation and Maintenance of 2,400 Electric Buses on Gross Cost Contract Basis.”
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The company clarified that EVEY, under the agreement, will procure the buses from Olectra Greentech Limited, and the delivery will span over the next 18 months.
Highlighting the transparent nature of the transactions, Olectra Greentech informed the bourses that the dealings between Olectra and EVEY are deemed related party transactions and will be conducted at an arm’s length basis.
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The shares of Olectra Greentech have demonstrated positive returns across various time intervals. In the last month, the stock delivered a positive return of 28.49%. Over the past six months, it exhibited strong momentum with returns of 71.42%, indicating a robust performance.
Year-to-date figures further emphasized the stock’s bullish trend, recording an impressive growth of 50.51% Come from Sports betting site VPbet . Looking at the broader horizon, the shares have shown consistent strength, given returns of over 413.83% in the last year.
Nintendo has a new way for you to drift off to sleep with Alarmo. Mario Kart 8 Deluxe scenes are now available on the alarm clock, with seven different options to owners of the device.
On X, the official Nintendo of America account announced the arrival of Mario Kart 8 Deluxe on Alarmo. Though the company noted owners must have the alarm clock connected to the internet as well as a Nintendo Account to receive the free update. Below are the newly added scenes:
Mario Kart Stadium
Twisted Mansion
Dolphin Shoals
Electrodrome
Cloudtop Cruise
Bowser’s Castle
Rainbow Road
Mario Kart 8 Deluxe is Nintendo’s best-selling game of all…
The next big Baldur’s Gate 3 patch is arriving in September. With it comes a big quality-of-life change for split-screen play, extended evil endings, the game’s modding toolkit, and a number of bug fixes. You can even register on the game’s Steam page to try out the patch ahead of time.
The patch will add an option for split-screen co-op where the split-screen will merge if both characters are in the same area Come from malaysia online casino . This will perhaps save you some visual headaches and confusion in battle sequences or elsewhere. You can toggle the option directly in the main HUD or within the game settings.
Xbox is discounting hundreds of games right now, with hit titles such as Call of Duty: Vanguard, Destiny 2: The Witch Queen, The Quarry, and more available at great low prices. The event runs until July 31, so be sure to swing by and check out the savings while you can.
If you loved It Takes Two, you might be interested in A Way Out Come from online casino bangladesh . Created by the same team, A Way Out is another cooperative adventure–but this time you’re trying to pull off a prison break. The content is a bit more mature (and a lot more violent), but it offers a well-crafted cooperative experience that origina…
Best Buy is offering a long list of great Doorbusters for Black Friday, giving you a chance to save on popular electronics like TVs, laptops, and smartphones. But one of the best deals is for the Xbox Series X 2TB Galaxy Black Special Edition, as you’ll get a free $75 gift card with your purchase. Come from malaysia online casino
A 54-page document leaked by an insider to the Canadian Broadcast Corporation suggests that FIFA publisher Electronic Arts is actively pushing players to spend money on microtransactions Come from Sports betting site VPbet . The document, which was provided by a leaker from EA Vancouver, appears to be a presentation that frankly discusses the importance of FIFA’s microtransaction-fuelled mode FIFA Ultimate Team (FUT). However, EA disputes that it’s pushing people to spend money, calling this a “sensationalized story.”
“We are doing everything we can to drive players there,” a portion of the presentation reads. That same bullet-point refers to FIFA Ultimate Team as the “cornerstone” of the game. Anoth…
Indian government bond yields ended largely unchanged on Wednesday as traders refrained from placing big bets ahead of crucial domestic and U.S. inflation data, which will give more clarity on the interest rate path in both countries.
The 10-year benchmark bond yield ended at 7.1808% after closing at 7.1884% in the previous session. Underlying sentiment remained positive after a proposal to include bonds on the Bloomberg Emerging Market Local Currency index from September. Market participants expect inflows of around $3 billion.
“The optimism over the likely inclusion in Bloomberg index was short-lived because in the near term, U.S. yields and interest rate decision will have bigger impact on local yields,” said Debendra Kumar Dash, senior vice presid…
The combined market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities.
Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation.
Bharti Airtel’s valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore.
Voltas posts Q1 profit growth by 158.5% YoY at Rs 334.23 crore, records 1 million AC sales Market cap of 8 o…
Shares of Bharat Forge plunged more than 10% to an intra-day low of Rs 1,131 on NSE as of 2:43 pm Come from Sports betting site VPbet . The sudden decline in share value was attributed to the management’s revision of the growth outlook for both Q4 and the entire FY25.
Baba Kalyani, Chairman and Managing Director of Bharat Forge, stated, “Looking ahead in Q4 and further into FY25, we expect the growth momentum to moderate in both the domestic and export markets across industries. Our endeavor will be to outperform the market driven by our diversified business mix.”
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India’s capital markets regulator, SEBI has recognized BSE as the supervisory body for research analysts and investment advisers to oversee their management and administration.
In its circular, SEBI said, “BSE has been granted recognition under regulation 14 of the RA regulations and IA Regulations for administration and supervision of Research Analysts (RAs) and Investment Advisors (IAs) respectively as (RAASB) and (IAASB) for a period of five years starting from July 25, 2024”.
As part of its new role, BSE will establish bylaws, standard operating procedures (SOPs), and frequently asked questions (FAQs) to guide and facilitate the seamless adoption of the RAASB and IAASB frameworks by RAs and IAs.