JBM Auto gets orders for 500 CNG, electric buses from various states

JBM Auto on Thursday said it has received orders for the supply of 500 Compressed natural gas (CNG) and electric buses from various state governments.

The Gurgaon-based company said it has received orders for BSVI CNG buses from Delhi Integrated Multi-Modal Transit System Limited (DIMTS).

Besides, it will be supplying electric buses for Bengaluru Metropolitan Transport Corporation (BMTC).

The company said it has also received orders to supply electric buses in Jhansi and Uttar Pradesh. Besides, several corporate clients have ordered electric buses, it added.

"These orders will be executed in the current financial year," JBM Auto said in a regulatory filing.

Incorporated in 1996, JBM Auto is the flagship company of JBM Group. The company has diversified into bus manufacturing with an aim to become a globally benchmarked producer of modern intra-city buses.

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Shares of the company were trading 13.17 per cent up at Rs 520 apiece on the BSE.