JK Tyre to spend USD70.61mn capex in FY23
It aims in expanding its truck and bus radial (TBR) and debottleneck the plants.
Delhi– JK Tyre & Industries Ltd of New Delhi, one of India’s largest manufacturers of tyres has planned to spend about USD70.61mn in FY2023 to expand its truck and bus radial (TBR) and debottleneck the plants.
JK Tyre chairman and managing director, Mr. Raghupati Singhania “We are planning to incur capex of about USD70.61mn in FY23 of which USD 31.38mn crore is for the expansion of the TBR capacity, to be completed in phases by March 2023, and USD 26.15mn for debottlenecking capacity in the PCR segment. Another USD13.08mn will be spent on maintenance.
