Debt financing
JK Tyre attracts 30-M euros from Germany’s DEG
Publicly-listed JK Tyre & Industries has sourced a long-term loan of EUR 30 million to expand production capacities in Madhya Pradesh from Germany-based Development Finance Institution (DFI) Deutsche Investitions- und Entwicklungsgesellschaft (DEG). This funding supports JK Tyre’s passenger car radial tyre expansion project, estimated to cost at EUR 114 million.The loan will support JK Tyre's ongoing efforts in sustainable production, including transitioning the facility’s boiler to biomass instead of coal. JK Tyre is also developing tyres made from recycled materials, which are expected to be available soon in the market.
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