JBM Auto bags orders to supply CNG buses in Delhi, electric buses in Mumbai; stock jumps 13%

The order will be fully executed before the end of the current financial year ending March 31, 2020, the company said.

Oct 09, 2019 06:10 IST India Infoline News Service

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JBM Auto has received orders to supply CNG buses in Delhi, electric buses in Mumbai. The order will be fully executed before the end of the current financial year ending March 31, 2020, the company said.

The company has received orders for supply of 300 Buses for the following:
  • CNG Buses from Delhi Integrated Multi-Modal Transit System Limited (DIMTS),
  • CNG Buses for Airport tarmac applications from Spicejet Limited & InterGIobe Aviation Ltd. (Indigo Airlines) and,
  • Electric Buses (through its subsidiary company JBM Solaris Electric Vehicles Private Limited) from Navi Mumbai Municipal Transport Corporation.

JBM Auto Ltd is currently trading at Rs210, up by Rs22.45 or 11.97% from its previous closing of Rs187.55 on the BSE.

The scrip opened at Rs186.90 and has touched a high and low of Rs214.65 and Rs185 respectively.

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