<p>Hinduja Group flagship firm Ashok Leyland today announced bagging of two large integrated transport projects in Tanzania and Zimbabwe worth a total of USD 79.2 million.<br /><br /></p>.<p>As part of the project, the company will supply trucks, buses, light commercial vehicles, spares and allied support services, includes training and developmental consultancy, Ashok Leyland said in a statement.<br /><br />Besides, the company will also address a variety of mobility requirements in various tourism and economic development programmes, it added.<br /><br />Commenting on the development, Ashok Leyland Managing Director Vinod K Dasari said: "These projects are a continuation of the many pilot projects we have done across Africa to offer integrated solutions and these orders have been won in the face of stiff global competition."<br /><br />He said the company had made a conscious effort to provide thrust to its international operations and Africa was a very important part of this strategy.<br /><br />"It is very encouraging to see our efforts bear fruit. I am confident this is the beginning of a successful new area of enhanced cooperation between Ashok Leyland, Africa and our valued customers," he added.<br /><br />Exim Bank has financed these projects under their NEIA (National Export Insurance Account) scheme, that supports project exports from India, the company said.<br /><br />Shares of Ashok Leyland were trading at Rs 55.25 per scrip, in the morning trade, up 1.38 per cent from the previous close on the BSE.</p>
<p>Hinduja Group flagship firm Ashok Leyland today announced bagging of two large integrated transport projects in Tanzania and Zimbabwe worth a total of USD 79.2 million.<br /><br /></p>.<p>As part of the project, the company will supply trucks, buses, light commercial vehicles, spares and allied support services, includes training and developmental consultancy, Ashok Leyland said in a statement.<br /><br />Besides, the company will also address a variety of mobility requirements in various tourism and economic development programmes, it added.<br /><br />Commenting on the development, Ashok Leyland Managing Director Vinod K Dasari said: "These projects are a continuation of the many pilot projects we have done across Africa to offer integrated solutions and these orders have been won in the face of stiff global competition."<br /><br />He said the company had made a conscious effort to provide thrust to its international operations and Africa was a very important part of this strategy.<br /><br />"It is very encouraging to see our efforts bear fruit. I am confident this is the beginning of a successful new area of enhanced cooperation between Ashok Leyland, Africa and our valued customers," he added.<br /><br />Exim Bank has financed these projects under their NEIA (National Export Insurance Account) scheme, that supports project exports from India, the company said.<br /><br />Shares of Ashok Leyland were trading at Rs 55.25 per scrip, in the morning trade, up 1.38 per cent from the previous close on the BSE.</p>