Apollo Tyres plans expansion programme

Apollo Tyres is planning an expansion programme at its tyre plant in Oragadam in Kanchipuram district of Tamil Nadu. The project involves expanding capacity from 8900 tyres per day to 12000 tyres per day. The project cost is estimated at Rs. 20,000 and the company’ board has approved raising investment towards the project. The company may seek shareholders approval to raise Rs. 10,000 million towards meeting the capital expenditure.

Company Profile : Apollo Tyres Ltd

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