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Apollo Tyres to devote Rs.700 crore this economic year

Thursday, April 30, 2009 12:00 pm
By ShareGyan.com NewsDesk

Apollo Tyres plans to devote around Rs.700 crore in the quarter 2009-10, 90% of which will be used for the achievement of Chennai Greenfield facility and the stability for its continuing preservation.

The company is in the process of establishing a tyre production facility in Chennai having an early competence of 150 tonnes each day, flexible nearly 450 tonnes each day.

It had declared an early investment of Rs.550 crore in the facility whereas opening the building job in September last year.

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