ICICI Securities Ltd | Retail Equity Research The Board of Directors of Balkrishna Industries (BIL) has approved a capex outlay of ~| 1,700 crore, which will be completed over 30 months. Of the total capex, 1) | 700 crore is for setting up a greenfield tyre plant with capacity of 20,000 MT in US, 2) | 500 crore will be spent in Waluj where BIL will replace the existing plant with a new state-of-the-art facilities (co-generation plant & warehousing facilities) that will bring operational efficiencies to existing operations and 3) | 500 crore is...