April 20, 2018 4:49 AM ET

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Company Overview of Tyre Corporation of India Limited

Company Overview

Tyre Corporation of India Limited manufactures automotive tires. The company was founded in 1984 and is based in Kolkata, India.

Leslie House

1st Floor

19, Jawaharlal Nehru Road

Kolkata,  700087

India

Founded in 1984

Phone:

91 33 2581 2142

Fax:

91 33 2581 1578

Key Executives for Tyre Corporation of India Limited

Chairman and Managing Director
Director of Production and Director
Compensation as of Fiscal Year 2017.

Tyre Corporation of India Limited Key Developments

NITI Aayog Proposal To Sale 32 Loss-Making PSUs

Niti Aayog has identified 32 loss-making companies for strategic disinvestment, including central public sector enterprises (CPSEs) such as Bharat Pumps & Compressors Limited, Tyre Corporation of India Limited, Central Inland Water Transport Corporation Limited and Bengal Chemicals & Pharmaceuticals Ltd, among others. NITI Aayog submitting its proposal to the Prime Minister''s Office on strategic sale, privatisation of PSUs and closure of loss-making units. The NITI panel, headed by its Vice-Chairman Arvind Panagariya with Chief Executive Officer Amitabh Kant and other members on board, has prepared a detailed blueprint on PSU reforms. The Niti Aayog has already submitted two lists of PSUs for strategic sale and closure or sale of sick units. Although the panels'' recommendation has not been made public, some media reports suggest that it has pitched for reducing the government’s stake to 49% or below in PSUs at one go under the strategic sale option. "The All India Trade Union Congress Secretary Secretariat has taken serious note and condemned the proposal for strategic sale of Air India Limited, Chennai Petroleum Corporation Ltd (BSE:500110), Madras Fertilizers Ltd. (NSEI:MADRASFERT) and The Fertilisers And Chemicals Travancore Limited (NSEI:FACT) by NITI Aayog," All India Trade Union Congress Secretary D L Sachdev said in a statement. The government has set a disinvestment target of INR 565 billion for this fiscal. Of this, INR 360 billion is to come from minority stake sale in PSUs and INR 205 billion from strategic sale.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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