Ashok Leyland gets order worth Rs 650 crore for 3,019 buses
DSIJ Intelligence / 24 Jul 2017
Rs 650 crore is the size of the order. This order will fulfil requirements from BMTC, KSRTC, NWKRTC and NEKRTC.
Hinduja Group flagship, Ashok Leyland, has bagged an order from KSRTC for 3,019 buses. This order, one of the largest from a State Transport Undertaking for a single OEM, would be executed in the current financial year, which would help Ashok Leyland in furthering its leadership position in buses.
Rs 650 crore is the size of the order. This order will fulfil requirements from BMTC, KSRTC, NWKRTC and NEKRTC. The order includes 210’ WB, fully built Karnataka Saarige Bus on 210’ WB chassis, , fully built non-AC sleeper coaches on 222’ WB chassis, fully built Rajahamsa Bus on 222’ WB and fully built Midi bus on 205’ WB chassis.
Ashok Leyland has traded range bound in Monday’s trading session. It touched its intraday high of Rs 104.65 per share, up by 1.45%.
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