[a4anurag]

Hinduja Group flagship company Ashok Leyland has received an order worth $200 million (around Rs 1,331 crore) from the West African country Cote D'Ivoire for the supply 3,600 trucks and buses.

The company has signed a contract with the government of Cote D'Ivoire for 3,600 vehicles worth USD 200 million, Ashok Leyland said in a regulatory filing.

"I am proud that the government of Cote D'Ivoire has chosen products from Ashok Leyland. 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," Ashok Leyland Managing Director Vinod K Dasari said.

The company looks forward to building this as a base for further growth in West Africa, he added.

The contract is being funded by Exim Bank of India and is pending final clearance from respective governments, the company said.

"The vehicles include trucks and buses, will be delivered over the next 12 months," the company said.

SOURCE: http://auto.economictimes.indiatimes...voire/49942855

[GTO]

To be delivered over a year, it'll nicely add an average of 300 units to their monthly tally. The markets loved the news.

Ashok Leyland Shares up 4% on $200-million order

Shares of Ashok Leyland today settled for the day with gains of nearly 4 per cent, following which the market capitalisation of the company improved by Rs 981 crore after the company bagged $200-million order deal.