Chennai: Ashok Leyland Ltd, India’s second largest bus and truck maker, has won an order from the Sri Lanka government to supply 2,200 buses.
Sri Lanka is aiming to modernize its fleet and significantly improve the country’s public transport network. This will be one of the largest purchases made by the Sri Lankan Transport Board, said a company press release.
Ashok Leyland's net profit surged 142.2% to Rs 363.39 crore on 17.31% fall in total income to Rs 3092.51 crore in Q4 March 2014 over Q4 March 2013. Net profit slumped 93.22% to Rs 29.38 crore on 20.19% decline in total income to Rs 10009.94 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013). The result was announced after market hours on Thursday, 22 May 2014.
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