MoneyWorks4Me

Ashok Leyland bags order worth $23 million from BRTC

25 May 2011 Evaluate

 Ashok Leyland, a Hinduja Group company has bagged order worth $23 million for 290 fully built Double Decker Busses from Bangladesh Road Transport Corporation (BRTC), this represent the company’s largest single order for Double Decker Busses from the country.

In 2010-11, saw the company’s export numbers zoomed by 72% to touch 10,306 numbers in which Bangladesh had a significant contribution.

Ashok Leyland’s net profit for the fourth quarter rose by 33.94% at Rs 298.23 crore as compared to Rs 222.66 crore for the quarter ended March 31, 2010. Its total income has increased by 30.30% at Rs 3832.65 crore for the quarter under review from Rs 2941.35 crore in the corresponding previous quarter.

Peers
Company Name CMP
Tata Motors 425.15
Ashok Leyland 157.05
Force Motors 17250.00
Olectra Greentech 1180.70
SML Mahindra 6261.55
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