Balkrishna Industries has received an approval to enhance the carbon black project size from 60,000 MT p.a. to 1,40,000 MT p.a, considering the overall demand / supply outlook of Carbon Black. The total capital outlay on the entire project is estimated at Rs 425 crore which is planned to be completed by financial year 2020-2021. The Board of Directors of the company at their meeting held on August 11, 2018, approved the same. Earlier, the company had initiated to set up a carbon black project of 60,000 MT p.a. which is presently underway.
Balkrishna Industries operates mainly in the business segment of tires.
