Tire manufacturer Apollo Tyres (APOLLOTYRE, BOM:500877) has made an additional investment of 2.7 million Indian rupees ($34, 793) in CSE Deccan Solar. The company acquired 33,750 equity shares having a face value of 10 rupees each at a premium of 70 rupees amounting to a 0.07% stake, according to a post-market hours filing on Thursday. […]
Tata Power to set up EV charging stations at commercial & passenger vehicle zones of Apollo Tyres – EQ Mag Pro
Tata Power has a presence across all the segments of the EV charging ecosystem and has deployed all types of chargers DC 001, AC, Type2, Fast DC chargers up to 50kwh and up to 240kwh chargers for buses. Tata Power has partnered with Apollo Tyres to deploy electric vehicle charging stations at the latter’s commercial […]
Apollo Tyres invests in green energy – EQ Mag Pro
Kochi : Taking forward its long-term commitment to sustainability, Apollo Tyres Ltd has ensured green power for its largest manufacturing facility in Chennai. This will increase the share of renewable energy to more than 30 per cent of the total for this manufacturing facility, a press release said on Thursday. Apollo Tyres has invested in […]
Apollo Tyres gains on acquiring 27% stake in CSE Deccan Solar for Rs 9 cr – EQ Mag Pro
Apollo Tyres rose 1.60% to Rs 235.25 after the company made a cash investment of Rs 9.33 crore by acquiring 27.20% stake or 11,66,250 equity shares having face value of Rs 10 each, at a premium of Rs 70 each, on Friday, 14 January 2022. CSE Deccan Solar incorporated on 11 February 2019 is a […]
Apollo Tyres acquires 27.20% stake in CSE Deccan Solar – EQ Mag Pro
Apollo Tyres has acquired 27.20% stake in CSE Deccan Solar. The company has acquired 11,66,250 equity shares having face value of Rs 10 each, at the premium of Rs 70 each, thereby aggregating the acquisition cost to Rs 9.33 crore. CSE Deccan Solar has not yet commenced business. Apollo Tyres is one of the leading […]
Apollo Tyres sets up its fifth factory in India: Andhra Pradesh facility to run on solar power
Production in this Andhra Pradesh plant of Apollo Tyres is expected to be ramped up by 2022; the plant will have a capacity of 15,000 passenger car tyres and 3,000 bus as well as truck radial tyres Apollo Tyres has gone ahead and built a new factory in Andhra Pradesh. This is the company’s seventh […]
