JK Tyre & Industries (JK Tyre) has secured a $100 million Sustainability-Linked Loan (SLL) from International Finance Corporation (IFC). The funding includes $30 million to JK Tyre and up to $70 million for Cavendish Industries (CIL), a subsidiary of JK Tyre.
The funding will support the expansion of tyre manufacturing capacity, focusing on Passenger Car Radial (PCR) tyres at JK Tyre's Banmore plant in Madhya Pradesh and Truck and Bus Radial (TBR) tyres at CIL's Laksar plant in Uttarakhand. The initiative aims to promote energy-efficient tyre production, strengthen local supply chains, and create jobs.
JK Tyre & Industries is engaged in the manufacture and marketing of automotive tyres, tubes and flaps.
| Company Name | CMP |
|---|---|
| MRF | 132200.00 |
| Apollo Tyres | 424.95 |
| CEAT | 3499.80 |
| Balkrishna Inds. | 2239.00 |
| JK Tyres & Inds. | 398.65 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: