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Board of CEAT approves additional investment of Rs 706 cr in capacity expansion

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Capital Market
Last Updated : Feb 01 2018 | 8:50 PM IST

At meeting held on 01 February 2018

The Board of CEAT at its meeting held on 01 February 2018 has approved a proposal for additional investment of approx. Rs 706 crore towards capacity expansion of greenfield project for passenger tyres thereby investing an aggregate amount of Rs 3506 crore up to FY 2022 increased from Rs 2800 crore. The investment is proposed to be funded through a mix of debt and equity.

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First Published: Feb 01 2018 | 8:25 PM IST

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