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Ashok Leyland surges as its Pantnagar manufacturing plant rolls out 100,000th vehicle

11 Sep 2014 Evaluate

Ashok Leyland is currently trading at Rs. 42.00, up by 0.40 points or 0.96% from its previous closing of Rs. 41.60 on the BSE.

The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 42.40 and Rs. 41.80 respectively. So far 757345 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 42.40 on 11-Sep-2014 and a 52 week low of Rs. 13.10 on 11-Sep-2013.

Last one week high and low of the scrip stood at Rs. 42.40 and Rs. 36.80 respectively. The current market cap of the company is Rs. 12023.83 crore.

The promoters holding in the company stood at 38.82% while Institutions and Non-Institutions held 34.21% and 14.60% respectively.

Ashok Leyland, flagship of the Hinduja Group, has rolled out the 100,000th vehicle from its state-of-the-art facility at Pantnagar, Uttarakhand on September 09, 2014. Housing the latest technology and processes, this fully-integrated plant (established in 2010) manufactures all future-gazing products across trucks and buses.

Spread over 200 acres of land and with an annual capacity of 70,000 vehicles, the plant also produces aggregates such as engines, gear-boxes and axles.  100,000 vehicles is a significant milestone for the company, as they achieved this in only 4 years of operations and are today able to roll-out a vehicle every 5 minutes.

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.

 

Peers
Company Name CMP
Tata Motors 427.10
Ashok Leyland 152.10
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Olectra Greentech 1087.25
SML Mahindra 6115.75
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