Balkrishna Industries has received an approval for CAPEX plan of up to $100 million for setting up a greenfield tire plant in USA through a wholly owned subsidiary to be set up. The company shall also incur CAPEX of up to Rs 1,000 crore for its Indian Operations.
The entire CAPEX will be completed within a period of 30 months. This is in addition to the current CAPEX underway for the Carbon Black Plant. The Board of Directors of the company at its meeting held on September 1, 2018, approved the same.
Balkrishna Industries operates mainly in the business segment of tires.
