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INDIA'S ASHOK LEYLAND TO SET UP BUS & TRUCK PLANT IN IRAN.
AsiaPulse News
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July 01, 2004 |
COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
NEW DELHI, July 1 Asia Pulse - The Hinduja Group flagship firm Ashok Leyland (BSE:ASOK) is planning to set up a multi-million dollar plant in Iran for assembling compressed natural gas (CNG) trucks and buses.
The company is talking to state-owned gas firm GAIL (India) Ltd (BSE:GAIL) and Iranian government for a joint venture for the project which would also involve laying pipelines from gas field to consumption centres and setting up CNG fueling stations.
"We will put up an assembling plant near Tehran while GAIL would assist in setting up the CNG distribution network. The Iranian national company will supply natural gas, which will be piped to various cities where it will be compressed and dispensed to automobiles," a senior official ...
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Source: HighBeam Research, INDIA'S ASHOK LEYLAND TO SET UP BUS & TRUCK PLANT IN IRAN.