Govind Rubber to set up tyre manufacturing facility

Govind Rubber is currently trading at Rs. 26.15, up by 1.65 points or 6.73% from its previous closing of Rs. 24.50 on the BSE.

The scrip opened at Rs. 26.00 and has touched a high and low of Rs. 27.45 and Rs. 25.20 respectively. So far 2,13,000 shares were traded on the counter.


Last one week high and low of the scrip stood at Rs. 27.45 and Rs. 20.40 respectively. The current market cap of the company is Rs. 57.00 crore.

The promoters holding in the company stood at 53.84% while Institutions and Non-Institutions held 1.55% and 44.61% respectively.

Govind Rubber (GRL) is planning to set up a new tyre and bicycle manufacturing facility entailing an investment of Rs 750 crore. The said facility will be located at Dahej in Gujarat and will have a production capacity of 225 tonnes a day.

Besides, the company is planning to increase manufacturing capacity of bicycles at its Ludhiana plant. The company is also anticipating 100% growth in bicycle business. Via

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