Ruia Group, an industrial conglomerate, engages in the businesses of tires and rubber, heavy engineering and infrastructure, and healthcare in India and internationally. It offers tires and rubber products for OEMs, such as nylon truck tires, OTR tires, tractor tires, conveyor belts, hoses, etc.; tires for scooters, motorcycles, and three-wheelers; and tires for jeeps, LCVs, and farm vehicles; and rubberized coir mattresses, pillows, cushions, and PU foam products for home sleeping accessories and furnishings, and industrial use. The company’s heavy engineering and infrastructure solutions for railways, ports, mines, steel plants, petroleum industries, and shipping companies comprise product...
46 Syed Amir Ali Avenue
Founded in 1993
DoD Shortlisted Three Bidders For TCIL
Jan 9 13
The Department of Disinvestment (DoD) has shortlisted three Kolkata based business groups for the final bidding for Tyre Corporation of India Limited (TCIL). The groups include Patton International Ltd., Titagarh Wagons Limited and Ruia Group. Pramod Agarwal, Joint Secretary of DoD also confirmed the development. He added, "Hopefully, we shall finalize everything by next month. There will be a strategic divestment after a long time. Three parties have been shortlisted for this." S K Mutreja, Managing Director of TCIL said, "Titagarh, Patton and Ruia Group have been shortlisted for the bidding. SBI Capital Markets is managing the entire process. There will be a meeting of the bidders soon." According to sources, SBI Capital has convened a meeting of the bidders on January 25, 2013 .The final bidding will be conducted in mid-February 2013.