JK Tyre & Industries plans Rs 1,100 cr capex till next FY
POWER & RENEWABLE ENERGY

JK Tyre & Industries plans Rs 1,100 cr capex till next FY

CFO of JK Tyre and Industries, Sanjeev Aggarwal, told the media that the company had planned a capital expenditure (capex) of Rs 1,100 crore until the next financial year (FY).

The company plans to invest in capacity expansion and regular maintenance of the existing infrastructure.

Aggarwal said that the total spend in the next two years would be Rs 1,100 crore, including maintenance capex of around Rs 300 crore.

Around Rs 530 crore capex will go into the passenger car radial (PCR) capacity expansion project. It has also lined up the capacity expansion of truck bus radial (TBR) at Cavendish Industries.

Currently, the projects are TBR capacity expansion for Rs 236 crore and the PCR capacity expansion for Rs 530 crore. Besides, there is the maintenance capex of about Rs 150 crore on annual basis, which is Rs 300 crore for the next two years.

Aggarwal said that the PCR capacity expansion at the Banmore plant in Madhya Pradesh would be funded through debt and internal accrual.

The expansion will result in a 35% increase in PCR production which is around 90 lakh tyres per annum.

Managing Director of JK Tyre and Industries, Anshuman Singhania, said that the Board has already approved the PCR capacity expansion project at Rs 530 crore at the Banmore tyre plant. The expansion plan and the debottlenecking program will result in a 35% PCR capacity growth.

He said that the proposed expansion will become operational by December 2023. Singhania said that the company sees a strong demand growth across all market segments, with improved economic sentiments, record agri output and improved realisation in the country.

He said that with the expected moderation in inflationary pressures and improved geopolitical sentiments, automotive and tyre demand should improve.

He added that robust infrastructure spending by the government would continue to improve the commercial vehicle (CV) segment demand in the coming years.

Image Source

Also read: JK Tyres launches puncture guard technology for four-wheelers tyres

CFO of JK Tyre and Industries, Sanjeev Aggarwal, told the media that the company had planned a capital expenditure (capex) of Rs 1,100 crore until the next financial year (FY). The company plans to invest in capacity expansion and regular maintenance of the existing infrastructure. Aggarwal said that the total spend in the next two years would be Rs 1,100 crore, including maintenance capex of around Rs 300 crore. Around Rs 530 crore capex will go into the passenger car radial (PCR) capacity expansion project. It has also lined up the capacity expansion of truck bus radial (TBR) at Cavendish Industries. Currently, the projects are TBR capacity expansion for Rs 236 crore and the PCR capacity expansion for Rs 530 crore. Besides, there is the maintenance capex of about Rs 150 crore on annual basis, which is Rs 300 crore for the next two years. Aggarwal said that the PCR capacity expansion at the Banmore plant in Madhya Pradesh would be funded through debt and internal accrual. The expansion will result in a 35% increase in PCR production which is around 90 lakh tyres per annum. Managing Director of JK Tyre and Industries, Anshuman Singhania, said that the Board has already approved the PCR capacity expansion project at Rs 530 crore at the Banmore tyre plant. The expansion plan and the debottlenecking program will result in a 35% PCR capacity growth. He said that the proposed expansion will become operational by December 2023. Singhania said that the company sees a strong demand growth across all market segments, with improved economic sentiments, record agri output and improved realisation in the country. He said that with the expected moderation in inflationary pressures and improved geopolitical sentiments, automotive and tyre demand should improve. He added that robust infrastructure spending by the government would continue to improve the commercial vehicle (CV) segment demand in the coming years. Image Source Also read: JK Tyres launches puncture guard technology for four-wheelers tyres

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?