Birla Tyres scouts for partners for strategic collaboration_Birla Tyres scouts for partners for strategic collaboration

Birla Tyres scouts for partners for strategic collaboration

May 30, 2024

Reuters.

Kolkata: Birla Tyres was recently launched from Kesoram is a company Ltd The company is in talks with several potential partners at home and abroad for strategic tie-ups, a senior official of the company said.

Discussions with potential partners and funding agencies are underway and are expected to be finalized in the next three to six months.

Manjushree Khaitan Corporation told shareholders at its virtual annual general meeting, “The company is in talks with various domestic and international partners for strategic alliances, including technical know-how and other expertise in off-site manufacturing of various tire products.” Tuesday’s meeting.

She said the company is looking at all tire segments, including off-road tires and other specialty categories.

P CEO Radhakrishnan The tire maker plans to raise around Rs 20 crore through fresh equity and debt.

He said, “Discussions with potential strategic partners and financial institutions are in progress. The advanced stage will commence in the next three to six months,” he said.

The company’s plant in Orissa is also being revamped to maximize capacity utilization through an innovative combination of existing and new product lines, he added.

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