| Project Detail : | CEAT has lined up investment of Rs 3,500 crore to ramp up manufacturing capacity across its plants over the next three to four years. The total investment in capacity expansion includes the amount already incurred on the Halol commercial radial tyre expansion.
The company has increased its commercial radial tyre capacity at Halol plant to 9.6 lakh tyres per annum. CEAT is also setting up a greenfield passenger car radial tyre plant near Chennai, Tamil Nadu, with an installed production capacity of 96 lakh tyres per annum with an investment of around Rs 2,000 crore.
Besides, the company is increasing its two-wheeler tyre capacity at Nagpur by 170 lakh tyres per annum. Both these projects are expected to be commissioned in FY20. They are expected to be ramped up over 18-24 months. The expansion projects will be funded by a combination of internal accruals and debt.
The company has manufacturing facilities at Bhandup (Mumbai), Nashik, Halol and Nagpur. It also has an off-highway tyre manufacturing plant at Ambernath, Maharashtra, which commenced commercial production in FY19. |
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