Ashok Leyland gets orders for 4,000 buses valued at Rs 1500 cr
Hinduja Group flagship firm Ashok Leyland has received orders for around 4,000 buses from State Transport Undertakings valued at Rs 1,500 crore.
A total of 22 State Transport Undertakings (STUs) across the country including Calcutta State Transport Corporation, Bangalore Metropolitan Transport Corporation and Andhra Pradesh State Road Transport Corporation have placed large orders for the buses, Ashok Leyland said in a filing to BSE.
“JanBus has received tremendous response from STUs. It will contribute over 2,000 buses to JNNURM-II (Jawaharlal Nehru National Urban Renewal Mission). We have also received orders from the international market for the bus and soon JanBus will be running in many countries”, Ashok Leyland Managing Director, Vinod K Dasari said.
The company will offer a mix of JanBus, midi- buses and ultra low entry buses as a part of the 4,000 bus orders it has received under JNNURM-II. The supply of these buses has started and many of them are already carrying passengers, Ashok Leyland said.
The order is valued at Rs 1,500 crore, the company said.
The company has always been at the forefront of providing world class products to fellow Indians…, Dasari said.
JanBus a front engine, single step entry, full flat floor bus is specifically designed for the urban transport, the company said.
Shares of Ashok Leyland were today trading at Rs 41.40 per scrip in the afternoon trade on BSE, up steep 6.48 per cent from its previous close.