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GREENFIELD FACILITY IN HUNGARY
EIL, MECON, 4 others in fray for RBI's currency management projectState-owned Engineers India and MECON, alongside four private firms, have been shortlisted for RBI's project to modernize its currency mana...
RBI plans to revamp currency management infrastructure to cater to future cash needsThe Reserve Bank of India plans to modernise its currency management infrastructure over the next 4-5 years. This includes creating new cur...
Apollo Tyres Q1 net dips 44% at Rs 142 croreIt had posted a net profit of Rs 251.84 crore for the same period of previous fiscal.
In next five years, you will see a Motherson with new facets: Vaaman Sehgal, Samvardhana Motherson GroupOur M&A team is quite busy and it is looking at a lot of opportunities globally, says Sehgal.
Apollo tyres plans to use Rs 1,500-cr QIP proceeds to expand operationsApollo Tyres has, in fact, firmed up plans to invest Rs 525 crore in a greenfield facility in Andhra Pradesh, construction work of which is...
- Buy Apollo Tyres, target Rs 296: KR Choksey Securities
KR Choksey Securities has a buy call on Apollo Tyres at a price target of Rs 296.
Chinese dumping leaves us with less opportunities: Neeraj Kanwar, Apollo tyres, Managing DirectorVery clearly, our vision for 2020 in India is to become leaders in all product categories — trucks, light trucks, farm or passenger cars, N...
Apollo Tyres commissions first overseas greenfield facility in HungaryThe unit would have total capacity to manufacture 5.5 million passenger car and light truck tyres (PCLT) and 675,000 commercial vehicle tyr...
Motherson Sumi eyes Wilbur Ross company IAC for $800 million buyoutThe acquisition, if completed successfully, will also help Vivek Chand Sehgal, co-founder and chairman of the Motherson Group, diversify fu...
Apollo Tyres raises Rs 2,260 crore debt for greenfield plant in HungaryApollo Tyres on August 26 announced that it has successfully closed about Rs 2,260 crore financing for its greenfield plant in Hungary.
Apollo Tyres closes 300 million euro financing for Hungary plantThe company has successfully closed a 300 million euro financing for its greenfield plant in Hungary, Apollo Tyres said in a statement.
Apollo Tyres plans to invest Rs 2,700 cr to double Chennai plant's capacityThe company said Rs 2,000 crore of the planned investment will be raised through instruments such as rupee-term loan.
Apollo Tyres begins construction work at Hungary-based plantThe facility will start production in early 2017 and manufacture Apollo and Vredestein branded tyres to cater to the entire European market...
Apollo Tyres rallies over 1% on expansion plans in HungaryThe company's board has approved the setting up of the facility that will have a total capacity of 5.5 million passenger car and light truc...
Hungary plant to start rolling out products by 2017: Apollo TyresThe company decided to go ahead with the new plant in Eastern Europe after its failed $2.5 billion takeover of US-based Cooper Tire.
Apollo Tyres to invest 442.2 mn euros for new plant in HungaryThe company decided to go ahead with the new plant in Eastern Europe after its failed $2.5 billion takeover os US-based Cooper Tire.
- ‘Tyre industry is in turbulent times’
Prices of natural rubber, a key input for making tyres, have peaked.
- Apollo Tyres slips on project cancellation, plant lockout
Apollo Tyres fell nearly 3 percent after it cancelled a planned greenfield project in Hungary, for which it had announced an investment of ...