The order will be executed between December 2024 and May 2025.
In another development, Ashok Leyland has announced the voluntary liquidation of its step-down subsidiary, LLC Ashok Leyland Russia. Following the completion of the liquidation process, LLC Ashok Leyland Russia is no longer a subsidiary of the company.
Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings
The company’s consolidated net profit jump 34.14% to Rs 705.64 crore in Q2 FY25 as against Rs 526.01 crore posted in Q2 FY24. Revenue from operations declined 2.35% to Rs 11,147.58 crore posted in the second quarter of FY25 as against Rs 11,416.66 crore posted in Q2 FY24.
The scrip shed 0.35% to Rs 229.05 on the BSE.