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Olectra Greentech Chairman KV Pradeep Resigns Citing Personal Reasons

  • Olectra Greentech Chairman and Managing Director KV Pradeep resigned citing 'personal reasons'.
  • The company faced order cancellations from Maharashtra and Telangana governments, resulting in a revenue loss of approximately Rs 9,070 crore.
  • Maharashtra government reinstated a Rs 9,000 crore contract for 5,150 e-buses with a revised delivery schedule proposed by Olectra Greentech.
  • Olectra Greentech stock was trading 0.6% higher at Rs 1,229 apiece, witnessing a decline of 30% in the last 12 months.

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