Fresh Investment Worth Rs 1200 Crore To Be Made By CEAT
Tyre manufacturing major CEAT is planning a fresh investment of Rs 1,200 crore for expansion of truck and bus radial capacity. The RPG Group firm said that the fresh investment approved by the board is over and above Rs 3500 crore.
The company said a part of this investment will go into the expansion of the existing plant in Halol, Gujarat. The balance amount would be used on a brownfield facility in Chennai – the company's base for car radial tyres.