About Olectra Greentech Limited

Olectra Greentech Limited (formerly Goldstone Infratech Limited) was incorporated on October 11, 2000, and is headquartered in Hyderabad, Telangana. The company manufactures composite polymer insulators, electric buses and electric lorries (trucks), and is listed on both BSE and NSE . Its electric bus portfolio spans 7-metre, 9-metre and 12-metre variants for intra-city and inter-city applications, while the company is also developing heavy-duty EV platforms, including a 28T E-Tipper and a 55T E-Tractor Trailer, which are undergoing testing and homologation . Olectra’s e-mobility presence covers 11 Indian states (E-Vehicles), with insulators supplied PAN India; internationally, it serves one country in E-Vehicles and seven countries for insulators. Exports accounted for 3.70% of turnover in FY 2024–25, with shipments to the United States of America, Malawi and Mozambique among other destinations . As of March 31, 2025, Olectra had deployed more than 2,668 electric buses across multiple Indian states and smart cities, clocking over 1 crore kilometres per month in cumulative operations .

The company operates three plants in India and one office, and is building a greenfield EV manufacturing facility on 150 acres at Seetharampur, Telangana, to support scale-up . Olectra has one subsidiary as per the latest reporting; no subsidiaries were yet to commence operations during the year . A key milestone in technology during the year was becoming the first OEM in India to develop 9-metre and 12-metre Blade Battery electric buses, achieved through its long-standing strategic alliance with BYD, renewed through 2030 .

Olectra Greentech Limited’s Business Segments

Segment contribution to turnover (FY 2024–25):

• Electric Vehicles: 88.84%

• Power Insulators: 11.16%

• Geography, Domestic vs. International: Exports 3.70% of turnover (United States of America, Malawi and Mozambique); balance domestic 96.30%

Olectra Greentech Limited Key Management

• P. V. Krishna Reddy – Chairman & Non-Executive Director

• Peketi Rajesh Reddy – Whole Time Director

• B. Sharat Chandra – Chief Financial Officer

• P. Hanuman Prasad – Company Secretary & Head Legal

Latest Updates on Olectra Greentech Limited 

• Technology and partnerships: Olectra extended its strategic alliance with BYD through 2030 and introduced Blade Battery buses, focusing on enhanced safety, range and fast-charging; it became the first OEM in India to develop 9-metre and 12-metre Blade Battery models .

• Capacity expansion: Construction began on a 150-acre greenfield EV facility near Seetharampur, Telangana, supporting plans to scale manufacturing capacity to 5,000 units annually by FY26 .

• Sales and deployments: Olectra sold 972 electric buses during FY 2024–25, up from the prior year’s bus volumes, underscoring momentum in the e-bus segment .

• Significant deals and order pipeline: The company reported a confirmed order pipeline of approximately 10,000 electric buses. Dedicated SPVs are in place for major projects, including 2,100 buses for BEST (Mumbai), 5,150 buses for MSRTC (Maharashtra), and 350 buses for PMPML (Pune) .

Leadership changes: K. V. Pradeep resigned as Managing Director on July 4, 2025; the Board appointed P. V. Krishna Reddy as Chairman (effective July 5, 2025) and Peketi Rajesh Reddy as Whole Time Director (effective July 5, 2025) .