Apollo Tyres sees 02/03 sales up 20 pct

Newswire

NEW DELHI, Oct 31 (Reuters) - India's second-largest tyre maker, Apollo Tyres Ltd, which reported a sharp increase in second-quarter net profit on Thursday, said it was on track to report 20 percent revenue growth this fiscal year. Apollo Chairman Onkar S. Kanwar told a results news conference that his company would also complete due-diligence for buying Modi Rubber's idle tyre plant next week and would reveal plans for another acquisition shortly. Apollo had said in August it was ...

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