The contract was awarded following a post normal tender process with standard business prudent norms, terms and conditions, with no adverse provisions under the agreement.
The total value of the order is approximately Rs 297.85 crore and the delivery is scheduled to be completed between June and August 2025.
Ashok Leyland is engaged in the 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 surged 36% to Rs 761.92 crore in Q3 FY25 as against Rs 560.21 crore posted in Q3 FY24. Revenue from operations rose 8.2% to Rs 11,946.15 crore in the quarter ended 31 December 2024.