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  3. Birla Tyres set to roll again, acquisition finalised by consortium of H…

Birla Tyres set to roll again, acquisition finalised by consortium of Himadri and Dalmia

2 Nov 2023

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Key Takeaways

  • Production Capacity: The present capacity of the Balasore unit is 400 tonnes per day. The consortium partners aim to roll out electric vehicles.

  • Cost and Time Efficiency: Himadri estimates that starting from scratch with a greenfield unit would have taken 24 months and cost Rs 3,100 crore.

  • Brand Acquisition: This brand has a three-decade recall in the market, which can significantly reduce the time to establish a presence.

  • Production Capacity: The present capacity of the Balasore unit is 400 tonnes per day. The consortium partners aim to roll out electric vehicles.

  • Cost and Time Efficiency: Himadri estimates that starting from scratch with a greenfield unit would have taken 24 months and cost Rs 3,100 crore.

  • Brand Acquisition: This brand has a three-decade recall in the market, which can significantly reduce the time to establish a presence.

dalmia bharat refractories unlisted shares

Dalmia Bharat Refractories

-0.92%

Expert Analysis

Birla Tyres set to roll again, acquisition finalized by a consortium of Himadri and Dalmia.

Expert Analysis:

  • The consortium of Himadri and Dalmia took possession of the Birla Tyres plant and machinery at Balasore, Odisha.

  • The consortium partners paid Rs 306 crore to the creditors and acquired control of Birla Tyres within 15 days of the pronouncement of the order.

  • Birla Tyres will become a subsidiary of Calcutta-based Himadri, the third-largest producer of carbon black, a key ingredient in tyre making.

  • The objection to using the “Birla” name by the successful resolution applicants was rejected by the NCLT.

Publisher:The Telegraph Online