Ashok Leyland bags $50m order from Zimbabwe

Hinduja Group flagship company Ashok Leyland today said it has bagged an order worth $ 50 million (nearly Rs 300 crore) from the Zimbabwe government for the supply of 670 vehicles.

"The company has bagged a contract from the Ministry of Tourism and Hospitality Industry, Government of Zimbabwe, for supply of 670 vehicles valued at approx $ 50 million," Ashok Leyland said in a filing to the BSE.

"The order is planned to be executed in the financial year 2014-15," it added.

In a separate filing, the company said it has merged Ashley Services Ltd, a wholly-owned subsidiary, with itself.

Ashok Leyland shares today closed at Rs 23.40 apiece on the BSE, up 3.31 per cent from its previous close.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture