The Hindu Business Line

Ceat expansion plans in focus

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The board of directors of Ceat has approved a proposal for investment of about ₹2,800 crore over a period of five years up to fiscal 2022. The investment is for incrementa­l capacity of 10 lakh tyres per annum (tpa) in truck bus radials, 1.7 crore tpa in two-wheelers and 60 lakh tpa in passenger car radials. The investment is proposed to be funded through a blend of debt and equity. The expansion plans of the company will remain on analysts’ radars.

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