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CEAT gets approval for capital expenditure plan of Rs 572 crore

25 Jan 2024 Evaluate

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.


CEAT Share Price

3639.65 97.80 (2.76%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 136666.25
Apollo Tyres 438.40
CEAT 3639.65
Balkrishna Inds. 2271.20
JK Tyres & Inds. 432.55
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