Financial Daily from THE HINDU group of publications
Tuesday, Jan 11, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jan 11, 2005 |
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Corporate
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Announcements Ashok Leyland bags Rs 70-cr order from BEST Our Bureau
Chennai , Jan. 10 ASHOK Leyland has bagged an order for 644 buses to be inducted by BEST under the Mumbai Urban Transport Programme (MUTP). The value of the order is estimated at around Rs 70 crore. This follows a tripartite agreement between BEST, Maharashtra Government and the World Bank for providing buses for Mumbai, with World Bank funding and against international tender. The buses will have a reduced floor height of 860 mm with two-step entry. "We are proud of Ashok Leyland's unbroken record of bagging all World Bank funded orders for buses in India, against global competition through global tenders since 1978," Mr R. Seshasayee, Managing Director, Ashok Leyland, has said in a company press release. "Ahead of the April 2005 deadline, they will conform to BS III emission standards," says a press release from the company. Passengers carried by BEST's 3,300-odd buses each day have increased by six lakh over the last one year, to 48 lakh now. The proposed addition to the fleet will enhance BEST's ability to cope with increase in passengers. As per agreed delivery schedules, 450 buses will be supplied by December 2005 and the balance by March 2006. BEST also proposes to introduce 600 CNG buses. The company also said that it has developed BS III compliant engines, ahead of the April 2005 deadline. "These are the first to be indigenously developed and approved for commercial vehicles in the country," the release said. The stricter emission standards call for a more flexible fuel injection process in the engine. The Ashok Leyland BS3 engines use an electronic management system for faster response to operating variables like speed and load.
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