BSE Code - 500477
Face Value - Rs 1.00
Group - BSE 'A'
shareholding pattern - (a)Promoters - 38.82%
(b)Institutions - 34.21%
(c)Non-Institutions - 14.59%
One year High-Low - Rs 41.30 -Rs 13.05
Ashok Leyland, flagship of the Hinduja Group, and the largest supplier of buses to state transport corporations, has received orders worth Rs 1,500 crore for around 4000 buses from State Transport Undertakings (STUs).
A total of 22 STUs across the country including Calcutta State Transport Corporation (CSTC), Bangalore Metropolitan Transport Corporation (BMTC), Andhra Pradesh State Road Transport Corporation (APSRTC), Jaipur City Transport Services (JCTSL), and Pune Mahanagar Parivahan Mahamandal (PMPML) have placed large orders on the company.
The company will offer a mix of JanBus, midi-buses and Ultra Low Entry (ULE) buses as a part of the 4000 buses ordered under JNNURM-II. The supply of these buses has started and many of them are already carrying passengers.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
Stock is currently trading at Rs 40.65, up by 2.05 points from its previous closing of Rs 38.60 on the BSE.
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