JK Tyre to get 30 mn euros long term loan from German entity

JK Tyre & Industries secured a €30 million loan from Germany's DEG to expand its passenger car radial tyre facility in Madhya Pradesh. The €114 million project will boost the company's market presence and sustainability efforts, including using biomass for boiler operations. JK Tyre's shares saw a slight increase on the BSE following the announcement.