The company claimed that this is its best ever Q1 performance, and is also the fourth consecutive quarter of highest ever revenue from operations and PAT
The order of 550 buses is an indication of the company s robust expansion plans going forward to become a pan-India operator, Vijayanand Travels said in the statement. "Vijayanand Travels has placed the largest order in India for 550 intercity buses from Volvo and Eicher. The approximate worth of the order is Rs 500 crore, which includes 500 units of Eicher Intercity 13.5m AC and non-AC sleeper coaches and 50 Volvo 9600 luxury sleeper coaches," it said.
Exponential growth in online retailing, new product introductions, logistics services and expanded network of improved highways along with implementation of BS-VI norms have bolstered the growth of the commercial vehicle market in India. The industry has great potential to address global growth opportunities as well, according to industry experts at the recent ‘Indian Commercial Vehicle Conclave’, organised by the Confederation of Indian Industries (CII).
Energy Capital Vietnam (ECV), a US-based project holding and development company established in 2015 to serve as a platform for private investment into Vietnam, has announced that B.Grimm Power of Thailand and Siemens Energy have joined its consortium to develop an LNG-to-power project in Mui Ke Ga (MKG), Binh Thuan Province in Southern Vietnam.