| The board of Dunlop India Ltd today approved the rehabilitation package to be submitted to AAIFR for hearing on December 14.
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| Sources said that the Jumbo group had initiated discussion with some buyers for selling its trye business, but it was yet to finalise on the price.
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| "We want to optimise the valuation," a company insider said.
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| Sources in the Jumbo group said that the Dunlop board today discussed about the package prepared by SBI in consultation with National Productivity Council.
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| "The rehabilitation package deals with both the Sahaganj and Amabatur plant," sources said.
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| According to sources, the rehabilitation scheme has suggested to shift the production line of Dunlop to radial category.
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| It has also suggested that the aero tyre operations of Dunlop be discontinued.
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| "The cost could be prohibitive for this," said sources.
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| The report has suggested a fresh capital expenditure of around Rs 200 crore for the revival of Dunlop.
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| The report on the Jumbo group controlled, ailing Dunlop, was already two months behind schedule.
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| It was supposed to submit the report to AAIFR on October 4.
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| NPC prepared the base of the revised rehabilitation scheme of Dunlop.
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| Earlier, at the company's annual general meeting, P Balakrishnan, director, said the company was working on the rehabilitation and would table the revised plan on October 4, the date of AAFIR hearing.
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| The company had appointed National Productivity Council as consultant, for evaluating different options in August 2005. |
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