Rajratan Global leases 25 acres of land from SIPCOT to make bead wires for tyres
The Hindu
Rajratan Global Wire Ltd said it has executed a lease deed with the State Industries Promotion Corporation (SIPCOT) for 25 acres of land, for setting up of new facilities to manufacture bead wires for
Rajratan Global Wire Ltd said it has executed a lease deed with the State Industries Promotion Corporation (SIPCOT) for 25 acres of land, for setting up of new facilities to manufacture bead wires for tyres. The investment is about ₹300 crore, and the plan will have a capacity of 60,000 tonnes per annum.
The land has been allotted to the company at the SIPCOT Industrial Park, Vallam Vadagal (Phase-II), Kancheepuram.
As speculation over the continuation of Minister for Scheduled Tribes Welfare B. Nagendra in the Cabinet persisted, with the demand for his resignation raised by the BJP in connection with the ₹94 crore scam at the Maharshi Valmiki Scheduled Tribes Development Corporation, his Cabinet colleagues came to his defence on Thursday.