JK Tyre looks to buy rubber plantation to cut input costs


NEW DELHI, May 24 (Reuters) - JK Tyre and Industries is looking to acquire a rubber plantation to offset rising input costs, a top official said on Tuesday. "We are seriously examining this possibility as a business proposition," JK Tyre President Arun Bajoria told reporters. The company's January-March net profit halved to 130 million rupees on year. (Reporting by Sanjeev Choudhary; Editing by Harish Nambiar)

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