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from BUSINESS LINE, October 29, 2008 Kolkata, Oct. 28 - A timely restructuring of $125-million foreign currency loan (over Rs 600 crore at current exchange rate) may help Mr P.K. Ruia-led Ruia Group from the impact of falling rupee.
Group outfits such as Falcon, Monotona (both makers of two- and three-wheeler tyres) and Jessop are expected to survive the slowdown in the economy riding on OE demand from two-wheeler makers and railways respectively.
The economic crisis, however, leaves little hope for scaling up operations of Dunlop India. Out of two factories of Dunlop, only one is running at almost half of the projected 90-tonne capacity.