Kesoram Industries Ltd, a BK Birla Group company, is all set to expand
its operations. It will issue bonds worth Rs 500 crore within the next
one and half months to finance a part of its capacity expansion plan.
Speaking at a Press conference here today, Mr SK Parik, director of
Kesoram Industries, said the board of directors had taken a decision
at its last meeting on Saturday to infuse Rs 840 crore for further
expansion of its Uttarakhand tyre unit that includes a radial tyre
plant with 100 tons per day capacity and a bias tyres plant for
trucks.
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