Apollo & JK to Supply OTR Tyres for BEML/Coal India JV

Indian mining equipment manufacturer BEML Limited has reported details of the agreement it has entered for the production of OTR tyres to meet its requirements. The 12-year deal it has signed with major customer Coal India Limited will assure both parties’ continued supply of tyres, which will be manufactured in an exclusive facility being created with funding provided by BEML and Coal India.

The tyres at this new facility will be produced by Apollo Tyres and JK Tyre. Coal India will provide BEML with Rs 2 billion (£24.3 million) in funds, which is to be equally invested in each tyre manufacturer for the project.