Ashok Leyland has bagged an order for 630 buses worth USD 17 million from private bus operators backed by the Government of Sri Lanka. Coming on the heels of the order for 2200 buses, Ashok Leyland further consolidates its position as the market leader in the Sri Lankan market.
Vinod K Dasari, managing director, Ashok Leyland said, "This order is further evidence of the confidence Sri Lankan customers have in our capability to offer the most appropriate products and transport solutions to them, through our JV company, Lanka Ashok Leyland. This JV with the government is a publicly listed company and has been performing very well for its customers as well as shareholders.''
Shares of the company gained Rs 0.15, or 0.34%, to trade at Rs 44.75. The total volume of shares traded was 479,907 at the BSE (10.31 a.m., Thursday).