Monday, 6 February 2017

Ashok Leyland secures order worth Rs 70.35 cr

Ripples Advisory Private Limited, Indore @9303093093



Hinduja Group firm, Ashok Leyland Ltd said that Ashok Leyland West Africa has secured an order worth Rs 70.35 crore to supply 135 buses. “Ashok Leyland West Africa bagged an order of 135 buses under Lines of Credit from Exim Bank of India through Ecowas bank of Investment and Development (EBID) for Burkina Faso,” the company said in a filing to the Bombay Stock Exchange. 

The buses will be supplied to the Ministry of Higher Education Scientific Research and Innovation within the next 180 days, the filing added. The order includes delivery of vehicles, spare parts, aggregates supply, training and an effective after sales support system in Burkina Faso. Meanwhile, shares of the company were trading at Rs 95.15 apiece, up 0.69 per cent from the previous close at 11:20 hours on BSE.

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