Other than tyres, BKT introduced its radial SR423, which is mainly used for road construction tippers. Besides adding to its radial range, BKT has an entire range of tires for construction, tippers mining and quarrying.
According to the Off-Highway Research Indian Annual Review 2018, construction equipment sales in India grew 17 per cent in 2017-18, building on the 36 per cent upswing witnessed in the previous year, notes Ajay Aneja, Brand Leader, CASE India.
The first state-run railway company to launch an IPO, RITES is a leading player in transport, consultancy and engineering in India. In 44 years since its inception, the company has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America and the Middle East.
Led by its Chairman and Managing Director Rajeev Mehrotra, public sector enterprise and state-owned railways consultancy firm Rail India Technical and Economic Services (RITES) recently proposed an initial public offering (IPO) of its equity shares, making it the first divestment exercise by the government this fiscal.