JBM AUTO

JBM Auto, Olectra Greentech shares rallied up to 10% on April 16 after CNBC-TV18 reported that Centre will launch a tender for procurement of 10,000 electric buses. Ministry of Heavy Industries will launch a tender in May 2025 to procure buses under PM E-DRIVE Scheme, reported CNBC-TV18 citing sources. Convergence Energy Services Limited (CESL), a subsidiary of state-owned Energy Efficiency Services Limited, will issue a tender to choose intracity eBus operators for nine cities.