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JBM Auto jumps 14% on receipt of order to supply 300 buses

The company received orders for CNG buses orders from Delhi Integrated Multi-Modal Transit System and for Airport tarmac applications from Spicejet & Indigo airlines.

bio-diesel buses, electric vehicles and irrigation equipment
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bio-diesel buses, electric vehicles and irrigation equipment

SI Reporter Mumbai
Shares of JBM Auto surged 14 per cent to Rs 215 on the BSE on Wednesday, extending its 11 per cent rally on Tuesday, after the company announced receipt of multiple orders for supply of 300 buses from Delhi Integrated Multi-Modal Transit System Limited (DIMTS), Navi Mumbai Municipal Transport Corporation (NMMTC) and airlines companies.

The company, in a BSE filing, informed the exchanges that it has received orders for supply of compressed natural gas (CNG)-run buses to DIMTS, and to Spicejet and InterGIobe Aviation (Indigo Airlines) for Airport tarmac applications.

"The company has received electric buses orders (through its subsidiary company JBM