Ashok Leyland, flagship of the Hinduja Group, today confirmed that it bagged an order from The Institute of Road Transport (IRT), Tamil Nadu for supply of 2000 Passenger Chassis and 100 of fully built Small Buses to various STUs in the state of Tamil Nadu. The order size is about Rs 3.21 billion. This order is scheduled to be supplied during the first half of 2018-19.
Vinod K. Dasari, Chief Executive Officer & Managing Director, Ashok Leyland, said, "We are very happy to receive this order from The Institute of Road Transport (IRT), Tamil Nadu. We have had a long and proud partnership with IRT. We will continue our efforts towards their success."
Sanjay Saraswat, Senior Vice President, Global Buses, Ashok Leyland, said. "Our buses are durable, robust and employ the latest in technology. The cost of ownership and the product experience which we can deliver is the best in the industry. Our in-depth understanding of what works for our markets and customers is what differentiates us and has helped us win this order from IRE Tamil Nadu."
Shares of the company gained Rs 2, or 1.37%, to trade at Rs 147.85. The total volume of shares traded was 122,625 at the BSE (10.05 a.m., Wednesday).