Ashok Leyland gets Rs 35cr bus order from BD

DHAKA: Hinduja Group flagship firm Ashok Leyland has bagged an order to supply 88 air-conditioned buses to Bangladesh worth $ 6.5 million (about Rs 35 crore), says a company source.

"Ashok Leyland announced the winning of another order from Bangladesh Road Transport Corporation (BRTC) for 88 AC buses for a value worth $ 6.5 million under the Indian Line of Credit (LoC) scheme offered for the improvement of urban transportation in that country," the commercial vehicle maker said in a statement.

This order comes close on the heels of the recent order to supply 50 vestibule buses to BRTC, it added.

Commenting on the deal, Ashok Leyland Managing Director Vinod K Dasari said: "This also represents our commitment to partner BRTC in the process of taking urban transportation in Bangladesh to a new level and underscores our preeminent status as the leading CV player in that country."

The winning of this order was a significant step towards achieving the company`s vision to be globally among top 10 trucks and top 5 bus manufacturers, he added.

Last week, the company had announced supplying of 100 `Falcon` buses to Ghana for $ 7.6 million (about Rs 42 crore). It had earlier supplied buses to Nigeria and those hold a premium status in Lagos` bus rapid system, which is the only such model in the sub-Saharan Africa.

Ashok Leyland has recently said it will raise Rs 750 crore through issue of securities on private placement basis to finance the firm`s capital expenditure requirements.

Source: The Economic Times
BDST: 1118 HRS, JUN 19, 2012
Edited by: Maria Salam, Asst Output Editor