Ashok Leyland has bagged orders for 4000 buses from State Transport Undertakings (STUs). The company is the largest recipient of orders for buses under JNNURM-II scheme worth nearly Rs 15 billion.

A total of 22 STUs across the country including Calcutta State Transport Corporation (CSTC), Bangalore Metropolitan Transport Corporation (BMTC), Andhra Pradesh State Road Transportation Corporation (APSRTC), Jaipur City Transport Services (JCTSL) and Pune Mahannagar Parivahan Mahamandal (PMPML) have played large orders on the company.

Vinod K Dasari, managing director, Ashok Leyland said, 'With rapid urbanization and increasing agglomeration in Indian cities, it is important to modernize public transportation systems and offer technologically advanced and empathetically designed transport solutions.'
 
Shares of the company gained Rs 1.6, or 4.15%, to trade at Rs 40.20. The total volume of shares traded was 1,471,398 at the BSE (10.10 a.m., Tuesday).