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Ashok Leyland secures ₹345.58 crore order to supply 1,475 BSVI diesel bus chassis to Tamil Nadu State Transport Corporation. Ashok Leyland share price ended at ₹229.85, down 0.52%
Ashok Leyland Ltd has won a ₹345.58 crore order from the Tamil Nadu State Transport Corporation (TNSTC) to supply 1,475 BSVI diesel passenger bus chassis. The deliveries will take place between December 2024 and May 2025, under standard business terms. This order reinforces Ashok Leyland’s market position as a leading commercial vehicle manufacturer.
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Contract Value: ₹345.58 crore.
Order Volume: 1,475 BSVI diesel bus chassis.
Delivery Period: December 2024 to May 2025.
Ashok Leyland Share Price: Fell 0.52%, closing at ₹229.85 on BSE.
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The secured order stems from a standard tendering process. The following table summarises the order details:
Details | Information |
Contract Value | ₹345.58 crore |
Number of Chassis | 1,475 |
Fuel Type | BSVI Diesel |
Delivery Timeline | December 2024 - May 2025 |
Ashok Leyland reported a 37% year-on-year rise in profit to ₹770 crore for Q2 FY24, exceeding expectations. However, its revenue declined by 9% YoY to ₹8,769 crore, reflecting a dip from ₹9,638 crore in the same period last year. EBITDA rose by 5.8% YoY to ₹1,017 crore, with an improved operating margin of 11.6%.
Shares of Ashok Leyland ended at ₹229.85 on December 12, 2024, marking a 0.52% decline. Investors remain watchful of the company’s ability to balance order inflow with revenue growth. The Ashok Leyland share price is likely to be influenced by future contract wins and overall market sentiment.
The ₹345.58 crore order from TNSTC highlights Ashok Leyland’s continued dominance in the commercial vehicle segment. Despite recent revenue challenges, the company’s consistent order wins and profit growth underscore its resilience in the Indian market.
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