Presenting its 10 millionth radial truck tyre using a robot, JK Tyre and Industries declared the combining of its several R&D centers under one roof to set up a world-class research centre. The news has set JK tyre share price on a roll.
JK Tyres has been using robotics technology since 2003, and the company is using 14 such robots nicknamed ‘Adams’ in their Mysuru plant. The information was divulged by the Chairman Raghupati Singhania in an interview on Monday. He also informed that their R&D centers are currently spread over different locations. They will now be brought under one roof in a world-class research centre in Mysuru with an investment of Rs 100 crore ($15 million).
The research center in Mysuru will be the home for the most modern and advanced equipment manned by highly experienced engineers and scientists with deep insight into material resource, designs, aesthetics and structures. The centre will start with 200 scientists, whose number will double during the next one year.
JK Tyre is the first Indian company to have completed the ‘Carbon Footprint Verification Process’ as set down by the British Standards Institute. This year, the company achieved total energy benchmark levels of 10.9 giga per tonne, making the company among the top five worldwide in the sector. JK Tyres plants have “zero water discharge” and the company has grown over 5 lakh trees around their various plant locations.
Currently, JK tyre share price has been trading at Rs. 117.70 with a rise of 5.85%. The stock is among the Dynamic Levels list oftop 500 performers for the quarter. For details on the stock, check JK tyre share price history page of the website. For knowing the support and resistance level, visit JK Tyre share price forecast page.
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