![]() JK Tyre to invest Rs 1,100 cr for expansionPublished on Wed, Jul 25, 2007 at 08:30 | Source : Moneycontrol.com Updated at Thu, Jul 26, 2007 at 11:49 New Delhi, July 24 JK Tyre and Industries Ltd (JKTI) is looking at investing Rs 1,100 crore in the next three years across its four plants to increase production capacities. Earlier, the company had planned to invest around Rs 600 crore in expanding capacities.
Once the expansions are completed, JKTI expects its turnover to cross Rs 5,000 crore. The company closed the previous financial year (JKTI follows an October to September financial year) with a turnover of Rs 2,970 crore. "We expect the turnover to be over Rs 5,000 crore by the end of the 2010 fiscal and by the end of the current fiscal, September 30, 2007, we expect the turnover to be close to Rs 3,500 crore. So, another Rs 500 crore every year is a very reasonable expectation," Mr Bajoria said. Manufacturing Capacity As per the expansion plan, JKTI hopes to increase passenger radials manufacturing capacity to seven million units per annum from the current 4.5 million units and is looking at almost doubling its bus-truck radial manufacturing capacity by 2010 from the current four lakh tyres a year. The company has already invested over Rs 300 crore in stabilising the quality of its truck-bus radials since 2002. Taken from Business Line
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