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Apollo Tyres to invest Rs 1,500 crore in Chennai plant

Industry Transport equipment

Apollo Tyres is planning to increase the truck bus radial capacity to 9,000 units a day from its current 6,000 units a day at its Chennai plant. Approximate cost of the project is around Rs. 1,500 crore. The company is also planning to invest around Rs 400-500 crore over the next five years to expand its off-highway tyres manufacturing capacity in Kerala.

Extracted from BS, May 05,’15

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