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
19 February, 2018 23:10 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
Glenmark Pharma presents findings from Phase 2a study of GBR 830 - 19-Feb-2018 10:10
L&T Construction secures order worth Rs 16.80 bn - 19-Feb-2018 09:52
BHEL commissions 18 MW hydro-electric project in Punjab - 16-Feb-2018 13:33
Reliance Communication update on asset monetization - 16-Feb-2018 12:06
8K Miles Software launches blockchain platform 8K Health Edge - 16-Feb-2018 10:16
Mahindra Group to invest Rs 1.76 bn in Zoomcar - 16-Feb-2018 10:06
Larsen & Toubro bags orders worth Rs 15.85 bn - 15-Feb-2018 13:11
Rajesh Exports wins export order worth Rs 8.73 bn - 15-Feb-2018 12:36
Torrent Power secures wind power projects worth 499.8 MW - 15-Feb-2018 10:09
Torrent Power signs agreement with Siemens Gamesa Renewable Power - 15-Feb-2018 10:08
Zee Learn inks pact to invest Rs 2 bn in MT Educare - 15-Feb-2018 10:01
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