Balkrishna Industries

Balkrishna Industries announced that its INR 1,000 crore capacity expansion program is on track. The company is establishing a fully integrated facility for INR 500 crore to replace an existing plant, and setting up an ultra-large all-steel OTR radial tyre unit with 5,000 tonnes per annum capacity at its Bhuj factory in Gujarat, along with a warehouse and mixing plant, for another INR 500 crore. Completion is targeted by March 31, 2021.