Rs 1025 capacity expansion planned by JK Tyre & Industries
A leading tyre manufacturer in India, JK Tyre & Industries has planned an investment of Rs 1025 crore to expand production capacity by a fifth to meet the burgeoning demand for tyres in the domestic automotive market.
The expansion is proposed to be funded by way of equity/internal accruals and debt. JK tyre reported a nearly five-fold increase in consolidated net profit for the second quarter at Rs 249 crore.
Also Read: JK Tyre Completes Phase 1 Of Capacity Expansion At Banmore Plant