Tata Motors has surged more than 2% to Rs 528 on the BSE after receiving an order of approximately 2,700 Urban buses under the Jawaharlal Nehru National Urban Renewal Mission (JnNURM)- II scheme.
According to the company, it received an order for 487 units from KSRTC (Karnataka State Road Transport Corporation) and another for supply of 780 units from HRTC (Himachal Road Transport Corporation) for Tata Marcopolo built buses as per “Urban Bus Specifications” under JnNURM – II scheme.
“These orders are part of the over 2,700 orders for Tata Motors ‘URBAN’ buses received under JnNURM — II scheme,” the company added in a statement.
The company claims these Urban buses have been designed for safety, comfort and convenience for passengers and better operating efficiency for state transport authorities.
The company said that these buses are provided with CCTV cameras that can record every movement inside the bus. Wider passage-way for free movement, wider window panes for better visibility along with wider and lower entry and exit doors.
Shares of Tata Motors opened at Rs 526, touched a high of Rs 530.5 and a low of Rs 523 on the BSE. A total of 111,711 shares have been exchanged on the BSE so far.