MoneyWorks4Me

Govind Rubber to set up tyre, bicycle manufacturing facility at Dahej

03 Oct 2012 Evaluate

Govind Rubber (GRL) is planning to set up a new tyre and bicycle manufacturing facility entailing an investment of Rs 750 crore. The said facility will be located at Dahej in Gujarat and will have a production capacity of 225 tonnes a day.

Besides, the company is planning to increase manufacturing capacity of bicycles at its Ludhiana plant. The company is also anticipating 100% growth in bicycle business.

Govind Rubber is engaged in manufacturing of auto tyres, tubes, bicycles and high-end bicycle tyres.

Peers
Company Name CMP
MRF 122808.25
Apollo Tyres 408.75
JK Tyres & Inds. 338.45
Ceat 3292.10
Balkrishna Inds. 2053.45
View more..