Moneycontrol
Aug 11, 2017 04:42 PM IST | Source: Moneycontrol.com

Ashok Leyland gains 2% on order win of Rs 120 crore from Rivigo

The company has bagged an order over Rs 120 crore from Rivigo, which is India's most innovative and fastest growing logistics company.

Ashok Leyland gains 2% on order win of Rs 120 crore from Rivigo

Moneycontrol News

Shares Ashok Leyland gained 2 percent intraday Friday as it has bagged order worth Rs 120 crore.

The company has bagged an order over Rs 120 crore from Rivigo, which is India's most innovative and fastest growing logistics company.

The order includes 500 fully-built vehicles is driven by the success of the innovative iEGR (Intelligent Exhaust Gas Recirculation) technology which has been developed indigenously by Ashok Leyland.

Anuj Kathuria, president-global trucks of Ashok Leyland said, “This fresh order is a testimonial to the Indian, intelligent and innovative offerings of iEGR BS-IV technology, which translate to No Adblue, No Electronics and Better Mileage.”

Ashok Leyland had sold 11981 vehicles in July 2017 against 10492 vehicles in July 2016, growth of 14 percent.

At 11:45 hrs Ashok Leyland was quoting at Rs 104.60, up Rs 1.30, or 1.26 percent on the BSE.

Posted by Rakesh Patil
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