Bharat Earth Movers, Coal India in tyre production deal
State-owned rail coaches and mining equipment maker, Bharat Earth Movers Ltd. (BEML) said it signed a 12-year agreement with Coal India Ltd. (CIL) for joint production of off-road tyres.
In a statement, BEML said the tyres will be produced by Apollo Tyres and JK Tyres at a facility funded by itself and CIL.
CIL will invest 2 billion rupees in the venture.
