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Eastern Treads to purchase land, building for expansion

14 Aug 2013 Evaluate

Eastern Treads, a member of Rs 600-crore Eastern group, has received an approval to purchase land and building at Vannappuram, Thodupuzha, Idukki for the expansion of the company. The board of director at its meeting held on August 13, 2013 has approved for the same. The board has also approved the Capital Expenditures and Related Party Transaction.

Eastern Treads is engaged in the manufacturing of quality pre-cured tread, cushion/bonding, gum and black vulcanizing cement.

Peers
Company Name CMP
Apcotex Industries 599.30
Pix Transmission 1735.20
Rubfila Internatl. 63.82
Tinna Rubber & Infra 981.20
GRP 2000.00
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