TOP CORPORATE NEWS - 04 JAN 2016

Ashok Leyland surges on strong sales in Dec 2015

Ashok Leyland rose nearly 4%, touching to  Rs91.95, after the company reported 31% growth in total sales to 12,209 units in December 2015 over December 2014.

Ashok Leyland December 2015 volumes up an impressive 31.4% YoY to 12,209 units; beat estimates.

IRB Infra bags Rs10, 050 crore project in J&K

IRB Infrastructure has bagged Rs10,050 crore project from Ministry of Road Transport and Highways for construction, operation and maintenance of Zozila Tunnel spanning 14.08 kms (longest in Southeast Asia) in J&K on annuity basis.

IOC hikes non-subsidized LPG, cuts ATF prices by 10%

IOC hiked non-subsidized LPG while cut the ATF prices by 10%

Indian Oil Corp (IOC) hiked prices of non-subsidized LPG, or cooking gas, cylinders by around Rs50, effective from Friday.

Eicher Motors logs 41% sales growth; stock up

Eicher Motors gained over 3%, touching to Rs17974.45, after total motorcycles sales rose 41% to 40,453 units in December 2015 over December 2014.

Eicher Motors motorcycle volumes for the month of December 2015 up 41.3% YoY; impact of Chennai floods contained, volumes beat estimates.

Punj Lloyd receives four highway EPC projects worth Rs1555 crore

Punj Lloyd has bagged 4 highway EPC projects in Bihar (4 laning of 60km of Simaria-Khagaria worth Rs567 crore), Chattisgarh (4/6 laning of 48km of Raipur-Simga section worth Rs513 crore), Odisha (4 laning with paved shoulders of 50km of Talebani-Sambalpur section worth Rs392 crore) and Punjab (4 laning with paved shoulders of 35km of Tallewal-Barnala section amounting Rs83 crore, 30% company stake in JV).

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