The Hindu Business Line
Ceat expansion plans in focus
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.