Accelerating ahead for next gen-transport system
Olectra Greentech Ltd. (OGL), is a subsidiary of Megha Engineering and
Infrastructures Ltd. (MEIL). The company is primarily engaged in the
manufacturing of electric buses and composite polymer insulators.
• EV adoption in buses is likely to speed up in the current year, and the center
plans to procure 50,000 buses with an investment outlay of Rs.1,000 cr.
• Olectra bags the biggest ever order of 2,100 electric buses worth Rs.3,675 cr.
The company received this order from BEST (Brihanmumbai Electric Supply
and Transport), Mumbai.
• The technical partnership between Olectra and Reliance on the Hydrogen Bus
project is officially expected to launch next year.
• With the formation of a JV with BYD (Build Your Design) China for electric
buses, the company is expanding its product line in the e-mobility segment
for 3-wheeler electric autos and electric truck tippers.
• We initiate OGL with a target of Rs.738, at 35x FY25E EPS. Recommend
Accumulate rating, considering capacity expansion & strong earnings growth.
Disclaimer: this is my personal view and not a buy/sell recommendation. I am not SEBI registered.
Olectra Greentech Ltd. (OGL), is a subsidiary of Megha Engineering and
Infrastructures Ltd. (MEIL). The company is primarily engaged in the
manufacturing of electric buses and composite polymer insulators.
• EV adoption in buses is likely to speed up in the current year, and the center
plans to procure 50,000 buses with an investment outlay of Rs.1,000 cr.
• Olectra bags the biggest ever order of 2,100 electric buses worth Rs.3,675 cr.
The company received this order from BEST (Brihanmumbai Electric Supply
and Transport), Mumbai.
• The technical partnership between Olectra and Reliance on the Hydrogen Bus
project is officially expected to launch next year.
• With the formation of a JV with BYD (Build Your Design) China for electric
buses, the company is expanding its product line in the e-mobility segment
for 3-wheeler electric autos and electric truck tippers.
• We initiate OGL with a target of Rs.738, at 35x FY25E EPS. Recommend
Accumulate rating, considering capacity expansion & strong earnings growth.
Disclaimer: this is my personal view and not a buy/sell recommendation. I am not SEBI registered.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.