Ashok Leyland gained 2.14% to Rs 86 at 15:15 IST on BSE after the company announced that it won order worth $170 million or Rs 1140 crore from the United Republic of Tanzania.
The announcement was made during market hours today, 20 October 2016.Meanwhile, the S&P BSE Sensex was up 137.95 points or 0.49% at 28,122.32.
On BSE, so far 10.59 lakh shares were traded in the counter as against average daily volume of 13.45 lakh shares in the past one quarter. The stock hit high of Rs 86.30 and low of Rs 84.40 so far during the day. The stock had hit a record high of Rs 112.80 on 13 April 2016. The stock had hit a 52-week low of Rs 75.15 on 30 September 2016.
The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Rs 1.
Ashok Leyland said that the order is for the purchase of the company' vehicles, gensets, spares and equipment for development of workshops, training modules and allied equipment to be fitted on ambulances. This order is being financed fully by EXIM Bank of India under National Export Insurance Account (NEIA) Scheme.
It may be recalled that the company had recently concluded the supply of 773 vehicles in Tanzania under line of credit from the Government of India. Further, the company is currently executing another order for supply of 777 vehicles to the Ministry of Home Affairs in Tanzania.
Ashok Leyland's net profit jumped 101.2% to Rs 290.78 crore on 10.6% growth in net sales to Rs 4175.79 crore in Q1 June 2016 over Q1 June 2015.
Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.
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