BKT completes carbon black, power plant projects

Balkrishna Industries Ltd. has completed a project to increase carbon black capacity in Bhuj, India and set up a new power plant at the site. It says both the 55,000 tonnes per annum carbon black capacity project and the power plant project were concluded on 31 December 2022.

According to BKT, capital expenditure for these projects, together with a project that will deliver 30,000 tonnes of advanced carbon material annually, is approximately Rs 6.5 billion (£65.1 million). The tyre maker expects to finish this final project by the end of March 2023.