Wipro, G R Infraprojects and Gujarat Alkalies and Chemicals to see some action today

Ashok Leyland Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500477 | NSE: ASHOKLEY

11 May 2022 Evaluate

Wipro has extended its strategic agreement with Credit Agricole CIB, the corporate and investment bank division of Credit Agricole Group, to fuel Credit Agricole CIB’s next stage of growth. The engagement builds on Credit Agricole CIB and Wipro’s decade-long relationship and will provide the Bank with a larger team of Wipro experts who will operate a robust and secure infrastructure.

GR Ujjain Badnawar Highway, a wholly owned subsidiary of G R Infraprojects, has executed the concession agreement with the National Highways Authority of India on May 10, 2022 for the project 4-Laning of Ujjain-Badnawar Section of NH-752D from km 26.900 to km 96.00 (Length-69.1 km) in the State of Madhya Pradesh on Hybrid Annuity Mode.

Gujarat Alkalies and Chemicals and GAIL (India) (GAIL) have joined hand to set-up a Bioethanol plant of 500 KLD capacity. The term sheet is for setting up a Bioethanol plant in Gujarat. This plant will be using corn/broken rice as feedstock with eco-friendly technology with a likely production capacity of 500 KLD Bioethanol, which will be used for blending in petrol. As by-products from this plant, 135 KTPA Protein-rich Animal feed and 16.50 KTPA of Corn Oil while using corn as feedstock are also expected to be produced.

CMS Info Systems is eyeing for a nearly 70 per cent growth in its top line in the next three years (FY25) as the use of cash continues in the country's economy. The company had set a target to grow at a compounded annual rate of 18 per cent between FY22 and FY25, which would mean doubling of the revenue in the time frame. CMS exceeded the target in FY22 with a 22 per cent jump in its top line despite facing headwinds in the first quarter.

Gulshan Polyols has signed and executed a Contract with Meghna Pulp & Paper Mills for supplying of GCC, GCC Coating plant, Vibrator Separating Machine with standard accessories including motor, conveyor, panel etc. and spare parts for GCC & GCC Coated machine to Meghna Pulp & Paper Mills.

D B Realty has acquired entire equity shares of Turf Estate Realty (a WOS of Turf Estate Joint Venture LLP in which the Company already holds 50% stake) from Turf Estate Joint Venture LLP/ its nominees. Post-acquisition of the shares by the Company, Turf Estate Realty shall be a direct Wholly Owned Subsidiary of the Company. The consideration shall be in the form transfer of funds through banking channel.

Switch Mobility, the electric vehicle arm of Ashok Leyland, is all set to invest around Rs 1,000 crore for setting up a new manufacturing unit in South India. The company is also in talks with financial investors to raise over $200 million for its expansion.

Ashok Leyland Share Price

168.65 -2.05 (-1.20%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Ashok Leyland	168.65
Force Motors	20878.00
Olectra Greentech	1340.60
Tata Motors	431.10
SML Mahindra	3800.40
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