• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

T. Murrali

Chennai, July 2 Ashok Leyland has bagged a Rs 300-crore order for 1,500 buses from Tamil Nadu State Transport Corporation.

The Corporation is buying the buses with funding from the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme.

(Under the scheme, funding is available to the various State transport undertakings for the purchase of up to 15,000 buses, worth Rs 4,800 crore.)

Mr Rajiv Saharia, Executive Director, Ashok Leyland, told Business Line that the buses will be semi-low floor and delivered in fully built condition.

Ashok Leyland has so far clinched orders for more than 5,000 buses from various State Transport Undertakings including the current order under JNNURM scheme. In most of the cases the prototypes have been approved and production commenced.

Of the 1,500 buses 900 will be for Chennai and 300 each for Madurai and Coimbatore.

More Stories on : New Business | HCV/LCV/Tractors

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line