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Balkrishna Industries Assigned 'CARE AA+; Stable' Rating for Proposed ₹750 Cr NCD Issue
Balkrishna Industries has received a high credit rating of 'CARE AA+; Stable' from CARE Ratings for its proposed ₹750 crore Non-Convertible Debenture (NCD) issue. The proposed debt instrument features a five-year tenure with a staggered repayment structure at the end of the third, fourth, and fifth years. This rating signifies a very high degree of safety regarding timely servicing of financial obligations and very low credit risk. The issuance indicates the company's intent to raise long-term capital, likely for expansion or refinancing purposes.
Key Highlights
CARE Ratings assigned 'CARE AA+; Stable' rating for a proposed ₹750 crore NCD issue.
The NCDs have a total tenure of five years with staggered repayments.
Repayment schedule is set for the end of the 3rd, 4th, and 5th years.
The rating is valid for six months until August 26, 2026, if the issue is not completed.
The high rating reflects strong creditworthiness and a robust financial profile.
💼 Action for Investors
The high credit rating confirms the company's strong balance sheet and ability to raise low-cost debt. Investors should watch for the final coupon rate and the specific deployment of these funds toward growth initiatives.
Balkrishna Industries Board Approves ₹750 Crore Fundraise via NCDs
Balkrishna Industries has announced plans to raise up to ₹750 crores through the issuance of rated, listed, unsecured, redeemable Non-Convertible Debentures (NCDs). The Finance Committee approved the private placement of 75,000 NCDs, each with a face value of ₹1,00,000. This issuance may occur in one or multiple tranches, with specific terms like coupon rates and tenure to be finalized at the time of allotment. The move is part of the company's strategy to manage its capital requirements within approved borrowing limits.
Key Highlights
Total fundraise amount approved is up to ₹750 crores via private placement of NCDs.
Proposed issuance of 75,000 unsecured, redeemable NCDs with a face value of ₹1,00,000 each.
The issuance is within the current borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
Specific details regarding interest rates (coupon) and maturity will be disclosed at the time of allotment.
💼 Action for Investors
Investors should monitor the coupon rate and maturity profile when announced to assess the company's cost of debt. The impact on the debt-to-equity ratio is expected to be manageable given the company's strong balance sheet.
CRISIL Reaffirms Balkrishna Industries' AA+/Stable and A1+ Ratings for Rs 2500 Cr Facilities
CRISIL Ratings has reaffirmed the credit ratings for Balkrishna Industries Limited across its bank facilities and commercial paper programs. The long-term rating for Rs 2,000 crore in bank loan facilities remains at 'CRISIL AA+/Stable', while the short-term rating is maintained at 'CRISIL A1+'. Additionally, the rating for its Rs 500 crore commercial paper program has been reaffirmed at 'CRISIL A1+'. This reaffirmation underscores the company's strong credit profile and sustained market position in the off-highway tire segment.
Key Highlights
CRISIL reaffirmed the long-term rating of 'CRISIL AA+/Stable' for Rs 2,000 crore bank loan facilities
Short-term rating for bank facilities maintained at the highest level of 'CRISIL A1+'
Commercial paper rating for Rs 500 crore reaffirmed at 'CRISIL A1+'
Total rated debt and bank facilities amount to Rs 2,500 crore
Ratings reflect the company's robust financial health and stable outlook
💼 Action for Investors
Investors should take confidence in the company's reaffirmed high credit ratings, which indicate low default risk and strong financial stability. No immediate action is required as this confirms the existing healthy fundamental status of the company.
Balkrishna Industries Launches New 2W and Truck Bus Radial Tyres for Domestic Market
Balkrishna Industries (BKT) has announced its entry into new product segments with the launch of 2-wheeler (2W) and Truck Bus Radial (TBR) tyres. The media launch took place on February 24, 2026, with channel partner engagement starting on February 25, 2026. Commercial sales for these new ranges are scheduled to begin on April 1, 2026, targeting the domestic Indian market. This move represents a strategic diversification for the company, which is traditionally known for its Off-Highway Tyres (OHT).
Key Highlights
Launch of new product ranges for 2-wheelers and Medium & Heavy Commercial Truck tyres.
Commercial sales of the new tyre ranges will commence from April 1, 2026.
The launch specifically targets the domestic Indian market to broaden the revenue base.
Media and channel partner launches scheduled for February 24 and 25, 2026, respectively.
💼 Action for Investors
Investors should monitor the company's ability to gain market share in the highly competitive domestic TBR and 2W segments. Watch for management commentary on margin profiles for these new products compared to their core OHT business.
Balkrishna Industries Commissions Phase 1 Expansion; Adds 800 Tyres/Day Capacity at Bhuj
Balkrishna Industries has commissioned the first phase of its expansion at the Bhuj facility, adding a capacity of 800 tyres per day. This new capacity is fungible between Commercial Vehicle Radial and Off-Highway (Mining) tyres and involved an investment of Rs. 750 crore funded through internal accruals. Additionally, the company increased its captive power plant capacity from 40 MW to 64 MW to support integrated operations. These steps are part of a larger strategic growth roadmap for 2030 involving total planned capex of approximately Rs. 4,800 crore.
Key Highlights
Commissioned new capacity of 800 tyres per day at the Bhuj facility
Investment of Rs. 750 crore for this phase financed entirely via internal accruals
Captive power plant capacity increased by 60%, rising from 40 MW to 64 MW
New capacity is versatile, catering to both Commercial Vehicle and Mining Truck tyres
Expansion is part of a massive multi-year capex program targeting growth through 2030
💼 Action for Investors
Investors should view this as a positive execution milestone that strengthens the company's long-term growth trajectory. Monitor the utilization levels of the new capacity and its impact on operating margins in the coming quarters.
Balkrishna Industries Q3 FY26: 15% QoQ Volume Growth, EBITDA Margin at 22.5%
Balkrishna Industries reported a strong sequential recovery in Q3 FY26, with sales volumes reaching 80,620 metric tons, a 15% increase over the previous quarter. Revenue grew 4% YoY to INR 2,682 crores, supported by outperformance in the Indian market and a recovery in Europe as destocking levels out. Despite geopolitical headwinds and US tariff impacts, the company maintained a healthy EBITDA margin of 22.5%. Capex remains aggressive with INR 2,200 crores spent in 9M FY26, focusing on capacity expansion and the upcoming commercial vehicle tire segment.
Key Highlights
Sales volumes grew 15% QoQ and 6% YoY to 80,620 metric tons in Q3 FY26.
Standalone EBITDA stood at INR 605 crores with a margin of 22.5% for the quarter.
India market continues to outperform all regions, supported by GST reductions and favorable monsoon demand.
Carbon black capacity expanded to 265,000 MTPA; CV segment pilot project on track for Q4 FY26 launch.
Net debt remains manageable at INR 637 crores with cash and cash equivalents of INR 3,012 crores.
💼 Action for Investors
Investors should monitor the successful launch and ramp-up of the new Commercial Vehicle (CV) segment in Q4. While margins are stable, watch for potential pressure from rising natural rubber and oil prices in the coming quarters.
Balkrishna Industries Q3FY26: Revenue Up 4%, PAT Down 15%; Unveils ₹23,000 Cr Revenue Target for 2030
Balkrishna Industries reported a mixed Q3FY26 with revenue growing 4% YoY to ₹2,682 cr, while PAT declined 15% to ₹375 cr due to margin pressure. The company has set an ambitious 'Vision 2030' to reach ₹23,000 cr in revenue, representing a 2.2x growth from current levels. To achieve this, it plans a ₹3,500 cr capex over three years, expanding into new verticals like Passenger Car Radials (PCR) and Commercial Vehicle (CV) tires. Despite short-term profitability headwinds, the company maintains a strong cash position of ₹3,012 cr.
Key Highlights
Q3FY26 sales volume rose 6% YoY to 80,620 MT, but EBITDA margins contracted by 213 bps to 22.5%.
Announced a ₹3,500 cr capex plan over the next 3 years for Carbon Black expansion and new tire categories.
Targeting 2.2x revenue growth to reach ₹23,000 cr by FY30 with a projected 17% CAGR.
Entering the Indian replacement market for PCR and CV Radial tires, with CV pilot starting in Q4FY26.
Declared a 3rd interim dividend of ₹4 per share, taking the total 9M dividend to ₹12 per share.
💼 Action for Investors
Investors should monitor the execution of the new PCR and CV segments as these are highly competitive compared to BKT's core OHT niche. While the long-term growth guidance is aggressive, the current margin pressure and high capex intensity require a cautious outlook.
BKT Q3 PAT Drops 15% to ₹375 Cr; Sets Aggressive ₹23,000 Cr Revenue Target for FY30
Balkrishna Industries (BKT) reported a 15% YoY decline in Q3FY26 Net Profit to ₹375 crore, despite a 4% revenue growth to ₹2,682 crore. EBITDA margins contracted by 213 bps to 22.5% during the quarter, reflecting cost pressures. However, the company unveiled an ambitious 'Vision 2030' aiming for ₹23,000 crore in revenue (2.2x growth) supported by a ₹3,500 crore capex plan over the next three years. A significant strategic shift was announced as BKT plans to enter the Indian replacement market for Passenger Car and Commercial Vehicle Radial tires.
Key Highlights
Q3FY26 Sales volume increased 6% YoY to 80,620 MT, but 9MFY26 PAT fell 27% YoY to ₹927 crore.
Announced ₹3,500 crore capex for Carbon Black expansion, Rubber Tracks, and new tire categories over 3 years.
Targeting 8% global market share in Off-Highway Tires (OHT) and ~₹23,000 crore total revenue by FY30.
Entering new verticals: CV Radial tires pilot launch in Q4FY26 and PCR tires pilot in Q3FY27.
Declared a third interim dividend of ₹4 per equity share for the financial year 2025-26.
💼 Action for Investors
Investors should weigh the current margin pressure and earnings decline against the aggressive long-term growth roadmap and entry into new tire segments. Monitor the execution of the ₹3,500 crore capex and the success of the upcoming CV and PCR tire pilots in the Indian replacement market.
Balkrishna Industries Q3 PAT at ₹382 Cr; Declares ₹4 Interim Dividend
Balkrishna Industries reported a consolidated net profit of ₹382.15 crore for Q3 FY26, marking a 15% decline compared to ₹449.48 crore in the same period last year, but showing a strong 40% sequential recovery from Q2. Revenue from operations grew to ₹2,736.79 crore from ₹2,560.33 crore YoY. The Board has declared a third interim dividend of ₹4 per share (200% of face value) with a record date of February 2, 2026. Operating margins improved significantly on a quarter-on-quarter basis to 16.36% from 13.31% in Q2 FY26.
Key Highlights
Declared 3rd interim dividend of ₹4 per equity share (200%) for FY 2025-26
Consolidated Revenue from Operations stood at ₹2,736.79 crore, up 6.9% YoY
Consolidated Net Profit reached ₹382.15 crore, recovering 40% from the previous quarter
Operating margins recovered to 16.36% from 13.31% in Q2 FY26, though down from 16.72% YoY
Recognized incremental employee benefit obligations of ₹8.32 crore due to new labour codes
💼 Action for Investors
Investors should focus on the sequential recovery in margins and profitability, which suggests easing cost pressures. The stock remains a steady dividend payer, though YoY profit growth remains under pressure.
Balkrishna Industries Declares Rs 4 Interim Dividend; Q3 Net Profit Rises 40% QoQ to Rs 382 Cr
Balkrishna Industries reported a strong sequential recovery in Q3 FY26, with consolidated net profit rising 39.9% quarter-on-quarter to Rs 382.15 crore. Revenue from operations grew 14.3% QoQ to Rs 2,736.79 crore, driven by improved operational performance. The Board declared a third interim dividend of Rs 4 per share (200% of face value) with a record date of February 2, 2026. While year-on-year profit is down from Rs 449.48 crore, the significant improvement in operating margins to 16.36% from 13.31% in the previous quarter signals a positive trend.
Key Highlights
Declared 3rd interim dividend of Rs 4 per equity share (200%) for FY 2025-26 with a record date of Feb 2, 2026.
Consolidated Revenue from Operations stood at Rs 2,736.79 crore, up 14.3% sequentially from Rs 2,393.45 crore.
Consolidated Net Profit reached Rs 382.15 crore, a 39.9% increase over the previous quarter's Rs 273.19 crore.
Operating Margin improved to 16.36% in Q3 FY26 compared to 13.31% in Q2 FY26.
Maintained a stable Debt-Equity ratio of 0.34x and a robust Interest Service Coverage Ratio of 80.64x.
💼 Action for Investors
Investors should view the sequential margin expansion and profit growth as a sign of operational recovery. The consistent dividend payout remains a positive for long-term shareholders seeking yield alongside growth.
Balkrishna Industries Q3 Results: PAT at ₹382 Cr, Declares ₹4 Interim Dividend
Balkrishna Industries reported a consolidated revenue of ₹2,736.79 crore for Q3 FY26, marking a 6.9% YoY growth and a strong 14.3% sequential recovery. While Net Profit (PAT) declined 15% YoY to ₹382.15 crore, it showed a significant 39.9% improvement over the previous quarter. The company maintained its dividend track record by declaring a third interim dividend of ₹4 per share. Operating margins improved sequentially to 16.36%, although they remain slightly below the 16.72% recorded in the same period last year.
Key Highlights
Consolidated Revenue from Operations rose 6.9% YoY to ₹2,736.79 crore.
Consolidated Net Profit stood at ₹382.15 crore, a 39.9% increase QoQ but a 15% decline YoY.
Declared 3rd interim dividend of ₹4 per equity share (200%) with a record date of February 2, 2026.
Operating Margin improved to 16.36% from 13.31% in the preceding quarter.
Recognized a one-time employee benefit expense of ₹8.32 crore due to the implementation of New Labour Codes.
💼 Action for Investors
Investors should focus on the strong sequential recovery in margins and revenue, which suggests easing cost pressures. However, the YoY profit decline suggests caution; wait for management commentary on export demand before increasing positions.
Balkrishna Industries Declares ₹4 Interim Dividend; Q3 PAT Rises 40% QoQ to ₹382 Cr
Balkrishna Industries has declared its third interim dividend of ₹4 per share for FY 2025-26, with a record date of February 2, 2026. The company reported a strong sequential recovery in Q3 FY26, with consolidated revenue reaching ₹2,736.79 crore and PAT rising 40% QoQ to ₹382.15 crore. While year-on-year profit is down from ₹449.48 crore, operating margins showed significant improvement, climbing to 16.36% from 13.31% in the previous quarter. The company also accounted for a one-time impact of ₹8.32 crore related to new labour code obligations.
Key Highlights
Declared 3rd interim dividend of ₹4 per equity share (200% of face value) for FY 2025-26.
Consolidated Revenue from Operations grew to ₹2,736.79 Cr, up 14.3% from ₹2,393.45 Cr in Q2 FY26.
Consolidated PAT increased 40% sequentially to ₹382.15 Cr, though it declined 15% on a YoY basis.
Operating margins improved to 16.36% in Q3 FY26 compared to 13.31% in the preceding quarter.
Recognized incremental employee benefit obligations of ₹8.32 Cr due to the implementation of New Labour Codes.
💼 Action for Investors
Investors should view the sequential margin recovery and steady dividend payout as positive signs of operational stability. Shareholders must hold the stock before the February 2nd record date to be eligible for the ₹4 dividend.
Balkrishna Industries Shareholders Approve Re-appointment of Arvind Poddar as CMD for 5 Years
Balkrishna Industries has announced the successful passage of three key leadership resolutions via postal ballot. The re-appointment of Mr. Arvind Poddar as Chairman & Managing Director for a five-year term starting August 1, 2026, was approved with 92.45% of the total votes. Additionally, shareholders approved the appointment of Mr. Natarajan Gnanaskandan Tanjore as an Independent Director and Mr. Ashok Saraf as a Non-Executive Director. While the resolutions passed with the requisite majority, a notable 20.92% of institutional votes were cast against the CMD's re-appointment.
Key Highlights
Arvind Poddar re-appointed as Chairman & Managing Director for a 5-year term effective August 1, 2026.
CMD re-appointment resolution received 92.45% total votes in favor, though 20.92% of institutional votes were against.
Appointment of Natarajan Gnanaskandan Tanjore as Independent Director passed with 99.95% majority.
Ashok Saraf appointed as Non-Executive Non-Independent Director with 99.90% approval.
Total of 17.79 crore votes were polled across 1.25 lakh eligible shareholders as of the record date.
💼 Action for Investors
The approval ensures management continuity for the next five years, providing stability for the company's strategic goals. Investors should remain comfortable with the leadership but note the minor institutional dissent regarding governance or remuneration terms.
Balkrishna Industries Board Meeting on Jan 28 to Consider Q3 Results and 3rd Interim Dividend
Balkrishna Industries (BKT) has scheduled a Board of Directors meeting on January 28, 2026, to approve the unaudited financial results for the quarter and nine months ended December 31, 2025. The board will also consider the declaration of a third interim dividend for the financial year 2025-26. If the dividend is approved, the company has already fixed February 2, 2026, as the record date for determining eligible shareholders. This announcement follows the company's routine financial reporting and capital allocation cycle.
Key Highlights
Board meeting scheduled for January 28, 2026, to approve Q3 and 9M FY2025-26 results.
Proposal for a 3rd interim dividend for the financial year 2025-26 to be considered.
Record date for the potential dividend is fixed as February 2, 2026.
Trading window for insiders remains closed from January 1, 2026, until 48 hours after the results are published.
💼 Action for Investors
Investors should monitor the January 28 results for updates on export demand and margin performance. Those seeking the dividend should ensure they hold the stock prior to the February 2 record date.
Balkrishna Industries Defends CMD Remuneration Against Proxy Advisor IiAS "Against" Vote
Balkrishna Industries has issued a clarification following a negative voting recommendation from proxy advisor IiAS regarding the re-appointment of CMD Arvind Poddar. IiAS raised concerns over uncapped travel reimbursements for the CMD's spouse and the lack of specific performance thresholds for commissions. The company countered that spouse travel expenses were just ₹0.82 crore in FY25 (0.007% of revenue) and that over 85% of the CMD's pay is already variable and linked to net profits. The company also noted that the CMD's commission as a percentage of PBT has actually decreased from 2.27% in FY23 to 1.95% in FY25.
Key Highlights
IiAS recommended voting against the 5-year re-appointment of CMD Arvind Poddar starting August 2026.
Company disclosed spouse travel expenses of ₹0.82 Cr in FY25 and ₹0.33 Cr in FY26 (up to Dec 2025).
Variable commission accounts for over 85% of the CMD's total remuneration package.
CMD commission as a percentage of PBT decreased to 1.95% in FY25 from 2.27% in FY23.
Total revenue has grown significantly from ₹5,919.37 Cr in FY21 to ₹10,947.43 Cr in FY25.
💼 Action for Investors
Investors should monitor the postal ballot results to see if institutional shareholders align with the proxy advisor or the management. While governance scrutiny is high, the company's strong financial performance and the variable nature of the pay mitigate immediate concerns.
Balkrishna Industries Defends CMD Remuneration Against IiAS "Against" Recommendation
Balkrishna Industries has formally responded to proxy advisor IiAS, which recommended shareholders vote against the re-appointment and remuneration of CMD Arvind Poddar. IiAS raised concerns regarding uncapped travel reimbursements for family members and the lack of specific performance thresholds for commissions. The company defended the structure, noting that spouse travel expenses were minimal at ₹0.82 crore in FY25 and that commissions are inherently performance-linked as a percentage of net profit. Management highlighted that variable pay constitutes over 85% of the CMD's total compensation, with FY25 commission at 1.95% of PBT.
Key Highlights
IiAS recommended voting against the 5-year re-appointment of CMD Arvind Poddar effective August 2026.
Company disclosed spouse travel expenses were ₹0.82 Cr in FY25 and ₹0.41 Cr in FY24, deemed insignificant to operations.
Variable commission pay accounts for over 85% of the CMD's total remuneration package.
FY25 commission of ₹42 Cr represented 1.95% of PBT, a decrease in percentage terms from 2.27% in FY23.
Total revenue has grown significantly from ₹5,919 Cr in FY21 to ₹10,947 Cr in FY25.
💼 Action for Investors
Investors should monitor the upcoming postal ballot results to gauge institutional sentiment regarding executive compensation and governance. While proxy advisor concerns are notable, the company's strong financial trajectory and the performance-linked nature of the pay may mitigate major shareholder dissent.
Balkrishna Industries Seeks Re-appointment of CMD Arvind Poddar for 5-Year Term
Balkrishna Industries has issued a postal ballot notice to seek shareholder approval for key leadership positions. The primary resolution involves the re-appointment of Mr. Arvind Poddar as Chairman & Managing Director for a five-year term starting August 1, 2026. Additionally, the company is proposing the appointment of an Independent Director and a Non-Executive Director effective February 1, 2026. Shareholders can cast their votes via the e-voting process which runs from December 24, 2025, to January 22, 2026.
Key Highlights
Proposed re-appointment of Mr. Arvind Poddar as CMD for a 5-year term effective from August 1, 2026, to July 31, 2031.
Appointment of Mr. Natarajan Gnanaskandan Tanjore as an Independent Director for a 5-year term starting February 1, 2026.
Appointment of Mr. Ashok Saraf as a Non-Executive Non-Independent Director effective February 1, 2026.
E-voting period scheduled from December 24, 2025, at 9:00 a.m. to January 22, 2026, at 5:00 p.m.
The cut-off date for determining shareholder eligibility for voting was December 19, 2025.
💼 Action for Investors
Investors should monitor the voting results as the re-appointment of the CMD ensures leadership continuity for the next five years. No immediate portfolio changes are recommended based on this routine governance update.
Balkrishna Industries Boosts Carbon Black Capacity to 2,65,000 TPA; Re-appoints CMD
Balkrishna Industries has successfully commissioned a new production line for Carbon Black at its Bhuj facility, raising total installed capacity to 2,65,000 TPA. This development is a key milestone in the company's larger Rs. 3,500 crore capital expenditure program aimed at expanding production for tires, power plants, and rubber tracks. Furthermore, the Board has ensured leadership continuity by re-appointing Mr. Arvind Poddar as Chairman & Managing Director for a five-year term starting August 2026. The remaining portions of the Carbon Black project are on track for completion by early 2026.
Key Highlights
Total Carbon Black installed capacity increased to 2,65,000 TPA following the completion of one production line.
Progress update on the Rs. 3,500 crore three-year Capex plan for Bhuj facilities including CV and PCR tires.
Re-appointment of Mr. Arvind Poddar as Chairman & Managing Director for a 5-year term effective August 1, 2026.
Appointment of Mr. Natarajan Gnanaskandan Tanjore as an Independent Director for a 5-year term starting February 2026.
💼 Action for Investors
Investors should take confidence in the company's ability to execute large-scale capex projects on schedule and the stability provided by leadership continuity. Monitor the ramp-up of the new capacity and its impact on margins in upcoming quarters.
Balkrishna Industries Re-appoints CMD; Carbon Black Capacity Hits 2,65,000 TPA
Balkrishna Industries has approved the re-appointment of Mr. Arvind Poddar as Chairman & Managing Director for a five-year term starting August 2026, ensuring leadership continuity. Simultaneously, the company announced the completion of one production line for Carbon Black at its Bhuj facility, increasing total capacity to 2,65,000 TPA. This expansion is part of a larger Rs. 3,500 crore capital expenditure plan initiated in May 2025. The board also strengthened its governance by appointing two new directors effective February 2026.
Key Highlights
Re-appointment of Mr. Arvind Poddar as CMD for 5 years effective August 1, 2026.
Total Carbon Black installed capacity increased to 2,65,000 TPA with the completion of a new production line.
Ongoing execution of a Rs. 3,500 crore capex plan for Bhuj facility targeting CV tires and rubber tracks.
Appointment of Mr. Natarajan Gnanaskandan Tanjore as an Independent Director for a 5-year term.
The company has achieved a historical CAGR of ~16% in revenue and ~20% in net profit under current leadership.
💼 Action for Investors
Investors should take confidence from the leadership continuity and the timely commissioning of the Carbon Black capacity. Monitor the progress of the remaining Rs. 3,500 crore capex projects which are slated for completion by early 2026.
Balkrishna Industries Boosts Carbon Black Capacity to 2.65 Lakh TPA; CMD Re-appointed
Balkrishna Industries has successfully commissioned a new production line for Carbon Black at its Bhuj facility, increasing total installed capacity to 2,65,000 TPA. This development is a key milestone in the company's larger Rs. 3,500 crore capital expenditure program announced in May 2025. Leadership continuity is secured with the re-appointment of Mr. Arvind Poddar as Chairman & Managing Director for a five-year term starting August 2026. The remaining projects, including Commercial Vehicle and Passenger Car Radial tires, are reported to be progressing as per schedule.
Key Highlights
Completed one line of Carbon Black production, raising total capacity to 2,65,000 TPA.
Progressing on a Rs. 3,500 crore Capex plan for CV tires, rubber tracks, and passenger car radial tires.
Re-appointed Mr. Arvind Poddar as Chairman & Managing Director for 5 years effective August 1, 2026.
Appointed Mr. Natarajan Gnanaskandan Tanjore and Mr. Ashok Saraf as new directors effective February 2026.
Carbon Black project completion remains on track for early 2026.
💼 Action for Investors
The timely execution of capacity expansion and backward integration in Carbon Black is a positive sign for margin protection and growth. Investors should monitor the progress of the high-value Passenger Car Radial tire project as part of the ongoing Rs. 3,500 crore Capex.