Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 August, 2017 01:17 IST
Ashok Leyland bags Rs 1.20 bn order from Rivigo
Source: IRIS | 11 Aug, 2017, 11.22AM
Comments  |  Post Comment

Ashok Leyland, flagship of the Hinduja Group, today received an order for over Rs 1.20 billion from Rivigo, which is India's most innovative and fastest growing logistics company.

This order of 500 fully-built vehicles is driven by the success of the innovative iEGR (Intelligent Exhaust Gas Recirculation) technology which has been developed indigenously by Ashok Leyland. (Q,N,C,F)*

Developed to achieve the BS-IV emission norms, iEGR technology was launched in April 2017 for engines up to 400HP-a feat no other OEM has achieved globally.

AnuJ Kathuria, President, Global Trucks, Ashok Leyland, said, 'Ashok Leyland has been an integral part of Rivigo's story since the beginning of their journey. They trust us as their partners and we are glad that we have been able to deliver. This fresh order is a testimonial to the Indian, Intelligent and Innovative offerings of iEGR BS-IV technology, which translates to, 'No Adblue, 'No Electronics' and 'Better Mileage'. Today, our BS-IV iEGR vehicles are giving up to 10% better fuel economy when compared to our BS-III range. This is helping all our customers to improve their total cost of operations by up to 15%, translating to improved profits."

Shares of the company gained Rs 1.3, or 1.26%, to trade at Rs 104.60. The total volume of shares traded was 760,618 at the BSE (11.13 a.m., Friday).



Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Lupin launches generic Seroquel XR tablets in US - 23-Aug-2017 16:08
Reliance Capital offers ESOP's worth Rs 3 bn - 23-Aug-2017 15:03
Zydus Cadila gets USFDAs final approval for Ziprasidone HCl capsules - 23-Aug-2017 12:27
Glenmark Pharma gets nod for Triamcinolone Acetonide ointment - 23-Aug-2017 09:58
Cambridge Technology acquires new client in AI - 23-Aug-2017 09:55
Ramco Systems bags order from global top 5 aircraft manufacturer - 22-Aug-2017 14:38
Tata Power JV synchronizes 186 MW Georgia Hydro Project in record time - 22-Aug-2017 14:03
JMD Ventures' arm inks pact with Amazon - 22-Aug-2017 11:07
Zydus Cadilla gets USFDAs final nod for Pindolol tablets - 22-Aug-2017 10:58
Dr Reddy's to get up to USD 32.5 mn milestone payments for DFD-06 - 22-Aug-2017 10:33
Eros Int'l Media's promoter completes sale of 11.8 mn shares - 22-Aug-2017 10:22
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer