Latest news and order book updates for : Ashok, Nesco, Aayush on : 12 Dec 2024

Corporate announcements are official statements released by companies to inform stakeholders about significant events, decisions, or changes within the organization. These announcements can encompass a wide range of topics, including mergers and acquisitions, financial results, dividend declarations, leadership changes, and strategic initiatives. Timely dissemination of information allows investors to assess a company’s performance and prospects, contributing to more accurate stock valuations and efficient capital markets. Announcements keep employees, customers, and partners informed about the company’s direction and developments, fostering engagement and loyalty.

Company		Headline	Issuer Entity	Issuer Type	Order Size	Time Period
	Ashok-Leyland-Ltd.	Bagging of Order	Tamil Nadu State Transport Corporation	Domestic	1475 nos. at a total consideration of Rs. 345.58 Crores (approximate)	December 2024 – May 2025
	Nesco-Ltd.	Intimation under Regulation 30 of SEBI (LODR).	National Highways Logistics Management Limited	Domestic	~ Rs. 50 crores for each of the 4 sites.	Period of Lease: 30 years (with first right of refusal for extending the lease agreement for another 30 years). Period of Development: to be completed within 10 months of Appointed Date.
	Aayush-Wellness-Ltd	Aayush Wellness Limited bags Export Order worth US $ 3 Million from Singapore Company, forays into Global South Market. You are requested to take the above cited information in your records.	Cosmos Holdings Pte Ltd.	International Entity	US $ 3 Million	1 year

Ashok-Leyland-Ltd.

Ashok Leyland has bagged an order to supply 1475 BSVI Diesel Fuel Type Passenger Bus Chassis to Tamil Nadu State Transport Corporation. The order has been awarded post a normal tender process with standard business prudent norms, terms and conditions. There are no adverse terms or conditions under the contract. The order is expected to be executed between December 2024 and May 2025. The total consideration for the order is Rs. 345.58 Crores (approximate).

Nesco-Ltd.

NESCO LIMITED has been declared as the Highest Bidder and has accepted our proposal for Developing, Operating and Maintaining of Wayside Amenities on Hyderabad Visakhapatnam Expressway in Khammam – Devarapalle Section on Lease Basis by National Highways Logistics Management Limited.
The official correspondence on allotment of this tender was received by the Company on 11 December 2024 at 5:34 pm.

The total cost the Company has to incur for development of Wayside Amenities is estimated at ~ Rs. 50 crores for each of the 4 sites.
The estimated annualised revenue from 4 sites is ~ Rs. 300 crores from year 4 of operations.
The annual lease rent is Rs. 4.29 crores for 4 sites with fixed annual revision basis increase in WPI and CPI.

Aayush-Wellness-Ltd

Aayush Wellness Limited has received a significant export order worth US $ 3 million from M/s Cosmos Holdings Pte Ltd, a leading distributor in Singapore, to supply various healthcare and nutraceutical products. This order marks a significant milestone for Aayush Wellness Limited and marks its entry on a global nutraceuticals and healthcare market.

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