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Ceat to invest Rs 50 crore for Specialty Tyres manufacturing project

31 Oct 2014 Evaluate

Ceat has received an approval for investment of Rs 50.00 crore for implementing a project for manufacture of Specialty Tyres (which includes off- the-road tyres) through a subsidiary company. The board of directors at their meeting held on October 30, 2014 has approved for the same.

Ceat is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.

Peers
Company Name CMP
MRF 127882.15
Apollo Tyres 420.65
JK Tyres & Inds. 363.65
Ceat 3545.35
Balkrishna Inds. 2271.25
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