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

Govind Rubber Ltd. | Tyres & Allied | Automobiles | BSE: 509148 | NSE: GOVINRUBER

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	123500.00
Apollo Tyres	391.20
JK Tyres & Inds.	339.70
Ceat	3305.70
Balkrishna Inds.	2154.90
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