India, March 28 -- GRP Limited has commenced commercial crumb rubber production at its new manufacturing unit in Solapur, Maharashtra.

The company invested approximately INR 250 million in the new facility, with funding sourced from borrowings ( INR 180 million ) and internal accruals ( INR 70 million ). The new unit has an annual production capacity of 31,875 metric tonnes of crumb rubber.

According to the filing to the BSE, the new manufacturing facility is strategically positioned to meet growing demand across various sectors, including reclaim rubber, tyre pyrolysis, tyre manufacturing, road surfacing and rubber goods production.

Located in the MIDC Industrial Area in Chincholi, Solapur, the unit began commercial production on 24 ...