Olectra Greentech gains 6% in Friday’s trading session after the company announced the start of commercial operations at its greenfield electric vehicle (EV) manufacturing facility in Hyderabad. The positive development boosted investor confidence, making the stock one of the top gainers of the day.
Stock Market Reaction and Trading Activity
On January 2, 2026, shares of Olectra Greentech Ltd. surged over 6%, touching an intraday high of ₹1,274.80. The stock later settled around ₹1,266, still up about 5.4% by mid-morning, significantly outperforming the broader market. During the same period, the benchmark index posted only marginal gains.
Trading volumes also spiked sharply, with the stock witnessing activity nearly 3.3 times its 30-day average. This marked the second consecutive session of gains for the company, even though the stock remains down about 12% on a year-to-date basis. The company’s current market capitalisation stands at ₹10,330.68 crore. Clearly, Olectra Greentech gains 6% emerged as a strong market highlight.
Hyderabad EV Facility: Key Operational Details
The rally was driven by the official declaration of December 31, 2025, as the Commercial Operation Date (COD) for Olectra’s new EV manufacturing unit. Located at the Seetharampur Industrial Park in Hyderabad, Telangana, the facility spans 150 acres and is designed to strengthen the company’s production capabilities.
Phase I of the plant is now operational with an annual per-shift capacity of 2,500 electric buses. This represents 50% of the planned total per-shift capacity of 5,000 buses per annum. The COD declaration has also been formally communicated to the company’s lender, State Bank of India.
Strategic Importance for Future Growth
The new facility is expected to play a crucial role in meeting Olectra’s expanding order book amid rising demand for electric mobility across India. This comes shortly after the company resolved a ₹2.58 crore penalty imposed in December 2025 related to earlier construction delays at the same site. Despite that setback, Olectra Greentech gains 6% reflects renewed market optimism.
Financial Performance and Order Book Strength
Olectra Greentech reported a 4% year-on-year rise in consolidated profit after tax to ₹49.43 crore for the quarter ended September 30, 2025. Revenue for the quarter grew to ₹657 crore from ₹524 crore a year earlier, indicating steady operational performance.
Adding to its growth visibility, the company received a ₹421.01 crore order from the Himachal Road Transport Corporation for the supply and maintenance of 297 electric buses, to be delivered over 11 months. With operations scaling up, Olectra Greentech gains 6% underscores growing investor confidence in the company’s long-term EV strategy.
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