The Board of Directors of CEAT has approved an additional investment by way of capex of approximately Rs 1,205 crore to enhance capacity of Chennai plant in Tamil Nadu.
The additional investment will take up to enhance capacity of truck bus radial (TBR) at the Chennai greenfield plant, in two phases, up to 190 tpd capacity over a period of next four years.
The investment is proposed to be funded through a mix of debt and internal accruals.