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Apollo Tyres Ltd.


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Chief Executives

Onkar S Kanwar, Chairman & Managing Director

Neeraj R S Kanwar, Joint Managing Director & COO

Apollo Tyres Ltd
 Ltd., Gurgaon, Haryana, has signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment.  with the Tamil Nadu Tamil Nadu (tăm`əl nä`d), formerly Madras (mədrăs`, mədräs`), state (2001 provisional pop.  government to acquire 135 acres of land in the Oragadam Industrial Park, Tamil Nadu, for the construction of a radial tire facility. Apollo Tyres Ltd. will invest Rs 300 crores in the first stage, with the final investment reaching be-tween Rs 450 and 520 crores by the end of five years.
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Title Annotation:Acquisitions, expansions
Publication:Rubber World
Date:Sep 1, 2006
Words:66
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