Investment5 Aug 2026, 10:50 pm
Tinna Rubber Invests ₹15 Cr in Saudi Subsidiary
AI Summary
Tinna Rubber and Infrastructure Ltd is investing up to ₹15 crore in its wholly-owned subsidiary, Tinna Rubber Arabia Ltd, in Saudi Arabia. The investment aims to fund business expansion in Saudi Arabia and other Middle Eastern countries. The company has completed initial registrations and infused the first tranche of SAR 3,40,000 (approx. ₹87.31 lakh) for 50 shares. The subsidiary will focus on collecting and shredding waste tires for material recovery, producing crumb rubber and steel scrap, with a proposed CAPEX of INR 15 crore.
Key Highlights
- Tinna Rubber to invest up to ₹15 crore in Saudi subsidiary.
- Investment targets business expansion in Saudi Arabia and Middle East.
- Subsidiary to focus on waste tire recycling and material recovery.
- Initial investment of SAR 3,40,000 already infused.
- Expansion aims to secure raw materials economically and broaden manufacturing.
Price Impact
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