Alliance Tire Group (ATG), is to include a cogeneration plant in an intended $160m investment in greenfield and brownfield capacity expansion to meet increasing demand.

The company is proposing to set up a greenfield off-highway tyre production unit in Gujarat, India while it seeks to expand the production capacity of its existing plant in Tamil Nadu, reports mydigitalfc.

ATG is to also build a cogeneration plant at Tirunelveli comprising boiler with 35 tonne per hour capacity for steam generation and 4.5 MW turbine.

The proposed expansion is to be funded through a combination of debt and equity.

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