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| Exchange Disseminated Time 20/11/2015 18:20:54 | GRP Ltd has informed BSE that the Company will enter into a joint venture agreement with Marangoni S.p.a., Italy a leading international Company which owns technical knowledge relating to precured retreading process for tyres, to carry on the business of commercial vehicle tyre retreading in India.
The total estimated investment will be Rs. 2,00,00,000/- to be contributed equally by both the partners.
This venture will give GRP Ltd. a strategic advantage to strengthen its raw material collection network and offer entry into the fast growing radial tyre retreading industry. |
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