Introduction:
Leading auto vehicle manufacturer has secured a ₹297.85 crore order to supply 320 BS VI diesel fuel buses to the Tamil Nadu State Transport Corporation. The advanced low-floor buses will enhance urban transport efficiency with state-of-the-art technology and superior performance.
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Share price movement of Ashok Leyland:
On February 19, 2025, Ashok Leyland Ltd. opened at ₹218.60, down 1.33% from its previous close of ₹222.15. The stock hit a high of ₹226.10 and a low of ₹218.60. By 3:26 PM, it traded at ₹225.10, a 3.21% rise, with a market cap of ₹66,101.23 crore.
Ashok Leyland Secures ₹297.85 Crore Order from Tamil Nadu Govt:
Ashok Leyland has won an order to supply 320 BS VI diesel fuel buses to the Tamil Nadu State Transport Corporation. The low-floor, fully built 12-meter buses will be equipped with advanced iGen 6 BS VI technology and air suspension.
The buses will feature a robust H-Series engine delivering 246 hp, ensuring efficiency and durability for city operations. The order was secured through a competitive tender process, adhering to standard business norms. Execution is scheduled between June and August 2025.
With a total contract value of ₹297.85 crore, this deal strengthens Ashok Leyland’s presence in the public transportation sector. The company confirmed that the contract does not involve any related-party transactions or promoter interests.
Recent news on Ashok Leyland:
As of February 12, 2025, Ashok Leyland Ltd. reported a net profit of ₹761.7 crore, exceeding estimates of ₹664 crore. Revenue grew 2.2% YoY to ₹9,478.7 crore, while EBITDA rose 8.8% YoY to ₹1,211.5 crore, driven by strong sales.
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Stock performance of Ashok Leyland for Period of 1 week, 6 months and 1 year:
Ashok Leyland Ltd. has delivered a 1.34% gain over the past week, while its six-month performance shows a decline of 14.6%. However, the stock has surged 28.5% over the past year, reflecting long-term investor confidence and steady growth.
Shareholding pattern of Ashok Leyland:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 51.50% | 51.50% | 51.50% |
| FII | 24.10% | 24.40% | 22.00% |
| DII | 13.10% | 12.40% | 14.20% |
| Public | 11.30% | 11.70% | 12.20% |
About Ashok Leyland:
Ashok Leyland Ltd. (NSE: ASHOKLEY) is a leading commercial vehicle manufacturer and the flagship company of the Hinduja Group. Headquartered in Chennai, it has a strong presence in India and 50 countries, offering fully integrated manufacturing and driver training programs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
