Hinduja Group flagship firm Ashok Leyland bags order worth Rs 1,335 crore

Mumbai(PTI): Hinduja Group flagship firm Ashok Leyland has bagged order for 3,600 vehicles worth $200 million (about Rs 1,335 crore) from Cote D Ivoire.

Ashok Leyland

It has signed a contract with the government of the West African nation, also know as the Ivory Coast, for supply of the vehicles which include trucks and buses and will be delivered over the next 12 months, the company said in a statement.

Ashok Leyland Managing Director Vinod K Dasari said: “This is the largest contract for this country with any firm in India, and also represents the largest such contract till date for the company.”

He said the company is looking forward to building the contract with Cote D’Ivoire as a base for further growth in West Africa. “This contract is being funded by EXIM Bank of India and is pending final clearance from respective governments,” Ashok Leyland added.

At 1315 hours, the shares of the company were trading up 0.82%, or Rs 0.80 at Rs 98.30 per piece on BSE

Posted by on November 30, 2015. Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.