Kesoram Industries will be investing up to Rs 600-crore for its capital expenditure plan in the ongoing fiscal year. Of the planned capex, Rs 350 crore will be spent on the tyre business, while the cement business will attract an investment of Rs 250 crore.
In the tyre business, the company will be spending Rs 300 crore to complete commissioning of the passenger car radial tyre business in its plant in Balasore in Odisha, while the rest Rs 50 crore will be invested to make the 2-3-wheeler tyres in the same plant.
Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes.
