JBM Auto baggage order for 300 buses from a number of organisations, Auto Information, East Auto Information
As per the regulatory submitting, the corporate has bagged CNG buses order from Delhi Built-in Multi-Modal Transit System Restricted (DIMTS) and Spicejet Restricted & InterGIobe Aviation. Moreover, the corporate has additionally obtained electrical bus order from Navi Mumbai Municipal Transport Company via its subsidiary JBM Solaris Electrical Automobiles Non-public Restricted.
“The order can be totally executed earlier than the tip of present monetary yr ending March 31, 2020,” the corporate mentioned in a regulatory submitting.
Quickly after the announcement, shares of JBM Auto rallied over 12 per cent on Wednesday. The corporate inventory gained 12.24 per cent at Rs 210.50 on the BSE. On the NSE, the scrip jumped 12.02 per cent at Rs 210.20.
(With PTI inputs)