Ceat has informed that the Board of Directors has, at its meeting held on December 16, 2016, approved a proposal for investment of approximately Rs 2800.00 crores over a period of five years up to FY 2022 towards incremental capacity of 1 Mn tyres per annum for Truck Bus Radial, 17 Mn tyres per annum for 2-Wheelers and 6 Mn tyres per annum for Passenger Car Radials. The investments are proposed to be funded through a blend of debt and equity.
The above information is a part of company’s filings submitted to BSE.
