Ashok Leyland Bags Rs 100 Cr New Order from Defence Ministry | CORPORATE ETHOS

Ashok Leyland Bags Rs 100 Cr New Order from Defence Ministry

By: | April 13, 2018
Ashok Leyland

Apr 13: Hinduja Group flagship Ashok Leyland on Friday announced that it has won a critical order from the Ministry of Defence (MOD) for supplying the company’s High Mobility 10×10 Vehicles (HMV 10×10).

According to the company, this order will end a long search by the Indian Army, who have been looking for HMV 10x10s to carry the Smerch Rockets, this initial order is worth over Rs 100 crore.

Commenting on the order win, Amandeep Singh, Head – Defence, Ashok Leyland, said, “we have won 12 of the 15 tenders we participated in last year, and this is a crucial win for us. This will pave Ashok Leyland’s way for newer opportunities in providing mobility platforms for other missile carriers, missile launchers, modular bridges and other critical loads. This order is a testament of our mobility leadership in the Defence sector, and we will continue to partner our Forces in service of the nation.”

Shares of the company were trading at Rs 149.35, up 3.07% from the previous closing of Rs 144.90, on BSE at 11.44 am today.