Ashok Leyland Limited, one of India’s leading commercial vehicle manufacturers, has been in the spotlight on December 13, 2024, for multiple noteworthy updates. Here’s a closer look:
Ashok Leyland secured an order worth approximately ₹345.58 crore from the Tamil Nadu State Transport Corporation. The order includes supplying 1,475 BSVI Diesel Passenger Bus Chassis, which will be delivered between December 2024 and May 2025.
This contract was awarded following a standard tender process, adhering to business norms and prudent terms.
In an update related to its overseas operations, Ashok Leyland announced the voluntary liquidation of its step-down subsidiary, LLC Ashok Leyland Russia. The subsidiary was not classified as a material entity, and its operations have officially ceased following the completion of the liquidation process.
Ashok Leyland reported an impressive 37% year-on-year rise in net profit for Q2FY25, reaching ₹770 crore compared to ₹561 crore in the corresponding period last year.
On December 13, 2024, the company’s stock price made an intraday high of ₹232.40 on the National Stock Exchange (NSE) at 09:32 am.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 13, 2024, 2:13 PM IST
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