Ashok Leyland, the flagship of Hinduja Group, today announced the winning of an order from Bangladesh Road Transport Corporation (BRTC) for the supply of 300 Ashok Leyland buses. The order is for Double Decker buses which will help in decongesting the busy roads of Dhaka. This procurement is against a tender under Indian Line of Credit. The delivery will take place within eight months from now.
Announcing the order win, Mr. Vinod K. Dasari, Managing Director, Ashok Leyland, said, "Bangladesh is one of our key export markets and this order further strengthens our position. This order win in Bangladesh is yet another testimony of our leadership in the country. Our in-depth understanding of public transport and understanding of the market and customers is what differentiates us and has helped us win this order.
"Exports has been a strong focus for us to de-risk from cyclicality in Indian market and to globalize our product portfolio. This is a significant win for us and builds on the strong export growth we had last year".
Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.126.1 as compared to the previous close of Rs. 126. The total number of shares traded during the day was 949096 in over 4024 trades.
The stock hit an intraday high of Rs. 128 and intraday low of 125.2. The net turnover during the day was Rs. 120049679.