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Transport Corporation (TSRTC) has reduced its order for 50 electric inter-city buses to 10, with the remaining 40 buses withdrawn, according to a Saturday filing on the local bourse.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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