Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Manufacturing/  Hero Cycles bags 7.5 lakh bicycles order from West Bengal
BackBack

Hero Cycles bags 7.5 lakh bicycles order from West Bengal

This the largest ever government order to any bicycle manufacturer

The company has decided to ramp up its production capacities to keep up with the demands .Premium
The company has decided to ramp up its production capacities to keep up with the demands .

New Delhi: Hero Cycles on Thursday said that it has bagged an order of 7.5 lakh bicycles from the West Bengal government, which will be distributed to students of class 9 to 12 in the state.

This the largest ever government order to any bicycle manufacturer, Hero Cycles said in a statement. The company has decided to ramp up its production capacities to keep up with the demands from its current distribution network, as well as to fulfil the new order, it added.

“This clearly shows the confidence that the state government has bestowed upon us. This massive order is not only going to benefit Hero Cycles but also help various big and small vendors and suppliers to associate with the company," Hero Cycles Chairman & MD Pankaj Munjal said.

The state government had issued tenders for bicycles through the West Bengal Scheduled Castes and Scheduled Tribes Development and Finance Corporation.

In order to provide a greener transport and eradicate illiteracy, the West Bengal government has taken an initiative to distribute bicycles to students from class 9 to 12.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 03 Sep 2015, 03:33 PM IST
Next Story footLogo
Recommended For You
Manufacturing Stocks
₹557.550.52%
ITC
₹4280.13%
₹2,987.85-0.37%
₹152.852%
Switch to the Mint app for fast and personalized news - Get App