B. K Birla group company Kesoram Industries Limited has chalked out a Rs 1550-crore investment plan for its tyre and cement divisions.
Kesoram Director S K Parik said today that the company board has approved the proposed investment plans. Out of the total capital expenditure of Rs 1550 crore, Rs 800 crore would go for expansion of the tyre division and Rs 750 crore for the cement division.
The investment would be funded by debt and internal accruals.
The cement division would entail a capacity expansion by 1.65 million tonne at the Vasavdutta facility in Karnataka. Post expansion, the total capacity would go up from the present 5.75 million tonne.
The company is also eyeing a radial tyre unit at Balasore in Orissa.
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