The Phase-I unit has a per-shift annual production capacity of 2,500 electric buses. This represents 50% of the planned per-shift capacity of 5,000 buses per year.

The company said the declaration has been communicated to State Bank of India, the project lender.

Olectra Greentech is engaged in the manufacturing of composite polymer insulators, electric buses, and electric trucks. The company's consolidated net profit rose 4.18% to Rs 49.55 crore while net sales rose 25.39% to Rs 656.62 crore in Q2 September 2025 over Q2 September 2024.