Ashok Leyland gains on inaugurating manufacturing plant in Andhra Pradesh
Ashok Leyland is currently trading at Rs. 207.50, up by 2.30 points or 1.12% from its previous closing of Rs. 205.20 on the BSE.
The scrip opened at Rs. 207.25 and has touched a high and low of Rs. 209.40 and Rs. 205.85 respectively. So far 129201 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 264.70 on 27-Aug-2024 and a 52 week low of Rs. 160.05 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 209.40 and Rs. 196.40 respectively. The current market cap of the company is Rs. 61050.40 crore.
The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 37.21% and 11.28% respectively.
Ashok Leyland has inaugurated a manufacturing plant to produce both diesel and electric buses near Vijayawada in Andhra Pradesh. Spread across 75 acre land at Malavalli about 40 km from Vijayawada, the factory would manufacture the complete range of diesel and electric buses of Switch Mobility, the electric arm of Ashok Leyland.
The facility would have an annual capacity of producing 4,800 buses, a modern Learning Centre Nalanda, and an advanced service training centre. It would also contribute significantly to the skill development and employment of the local workforce. The new plant is equipped with state-of-the-art equipment with high levels of automation signifying the company's commitment to making products of highest quality standards.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
