CEAT has received an approval for capital expenditure proposals to the tune of Rs 572 crore covering upstream capacity addition / cost overrun / debottlenecking / rooftop solar at the existing plants. The proposed amount would be spent over the next 3 years and is proposed to be funded through a mix of debt and internal accruals.
The Board of Directors of the Company at its meeting held on January 24, 2024, considered and approved the same.
Ceat is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.
