Ashok Leyland bags order worth $200 million from Cote D’Ivoire

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New Delhi | November 30, 2015 3:10 PM

Hinduja Group flagship firm Ashok Leyland has bagged order for 3,600 vehicles worth USD 200 million (about Rs 1,335 crore) from Cote D'Ivoire.

ashok leylandHinduja Group flagship firm Ashok Leyland has bagged order for 3,600 vehicles worth USD 200 million (about Rs 1,335 crore) from Cote D’Ivoire. (Photo: Reuters)

Hinduja Group flagship firm Ashok Leyland has bagged order for 3,600 vehicles worth USD 200 million (about Rs 1,335 crore) from Cote D’Ivoire.

It has signed a contract with the government of the West African nation, also know as the Ivory Coast, for supply of the vehicles which include trucks and buses and will be delivered over the next 12 months, the company said in a statement.

Ashok Leyland Managing Director Vinod K Dasari said: “This is the largest contract for this country with any firm in India, and also represents the largest such contract till date for the company.”

He said the company is looking forward to building the contract with Cote D’Ivoire as a base for further growth in West Africa.

“This contract is being funded by EXIM Bank of India and is pending final clearance from respective governments,” Ashok Leyland added.

Shares of Ashok Leyland were trading at Rs 97.70 per scrip, up 0.21 per cent on the BSE.

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