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Olectra Greentech shares jumped 10.66 per cent to hit an intraday high of Rs 1,378.55 in Friday's trade. The stock was last seen trading 7.77 per cent higher at Rs 1,342.50. At this price, the multibagger scrip has rallied over 159 per cent in 2023.
On Friday afternoon Sudhakar Shinde and a delegation of civic officials carried out an inspection on multiple sites in Mumbai where construction work was underway for various infrastructure projects.
As of September 2023, promoters held 50.02 per cent stake in the company. It is a subsidiary of Megha Engineering and Infrastructures Ltd (MEIL) and manufactures electric buses in India. Olectra is also India's largest silicone rubber/composite insulators manufacturer for power transmission and distribution networks.
The BrihanMumbai Municipal Corporation (BMC) has finalised four major infra firms to construct the northern Dahisar-Versova section of the upcoming Mumbai Coastal Road Project (MCRP) set to cost more than Rs 18,000 crore, officials said ...
The entire project has been bifurcated into six different packages and the civic authorities invited tenders for all the six together.