Wednesday 12 February 2014

JK tyre initiates process for raising Rs 1430 crore for Chennai plant expansion

JK tyre is planning to raise Rs 1430 crore for Chennai plant expansion. Further, the company is in process of tying funds for Chennai unit expansion. The investment will give a boost to the facility, from where 30 per cent of the products will be exported to around 90 markets.

JK Tyre & Industries is the flagship company under the umbrella of JK Organization. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity.

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