New Delhi: Hinduja Group flagship firm Ashok Leyland Monday said it has bagged an order to supply 88 air-conditioned buses to Bangladesh worth USD 6.5 million (about Rs 35 crore).
"Ashok Leyland announced the winning of another order from Bangladesh Road Transport Corporation (BRTC) for 88 AC buses for a value worth USD 6.5 million under the Indian Line of Credit (LoC) scheme offered for the improvement of urban transportation in that country," the commercial vehicle maker said in a statement.
This order comes close on the heels of the recent order to supply 50 vestibule buses to BRTC, it added.
Commenting on the deal, Ashok Leyland Managing Director Vinod K Dasari said: "This also represents our commitment to partner BRTC in the process of taking urban transportation in Bangladesh to a new level and underscores our preeminent status as the leading CV player in that country."
The winning of this order was a significant step towards achieving the company's vision to be globally among top 10 truck and top 5 bus manufacturers, he added.
Last week, the company had announced supplying of 100 'Falcon' buses to Ghana for USD 7.6 million (about Rs 42 crore). It had earlier supplied buses to Nigeria and those hold a premium status in Lagos' bus rapid system, which is the only such model in the sub-Saharan Africa.
Ashok Leyland has recently said it will raise Rs 750 crore through issue of securities on private placement basis to finance the firm's capital expenditure requirements.
Shares of Ashok Leyland Monday closed 3.28 percent down at Rs 25.05 apiece on BSE.
PTI
First Published: Monday, June 18, 2012, 17:25