The OTR growth story: Pioneering a new era for coal & Indian markets
Coal Insights|February 2021
The Off-Highway Tire segment in India is one of the most dynamic technological landscapes in the country supporting several important chambers of the economy.

The advancement in the sphere can be attributed to the industrial growth, futuristic vision and advanced automation ingrained in the DNA of the sector.

The segment’s prospects have only increased in recent years, owing to a rising tide of mining & industrial construction activities, and flourishing international trade.

The global mining equipment market size is expected to reach $188,773 million by 2025 from $106,853 million in 2017, growing at a CAGR of 7.2 percent from 2018 to 2025, according to Allied Market Research.

An extremely intrinsic part of the same is the OTR tire segment.

This phenomenal growth is reflected in the Indian markets, as the Indian Off-Highway Vehicle tire market is projected to grow at 15 percent during 2020-2025.

An ever-increasing part of this prosperous ecosystem, BKT has been pioneering end-to-end solutions that will transform the technological landscape and create a futuristic roadmap for the segment, aiding the modern needs of industrialization. With its breakthrough technology, the company has managed to become a key player in International and national markets in a short span of time.

BKT today manufactures a wide range of hi-performance industrial tires for equipment engaged in loading, excavating, lifting or material-handling keeping a special focus on safety.

They are designed to extensively service the mining and Infrastructure segment. Its state-of-the-art manufacturing units located strategically at Waluj (Maharashtra), Bhiwadi and Chopanki (Rajasthan) & Bhuj (Gujarat), offer supreme quality of bias & radial range of Off-The Highway tires.

BKT’s greenfield tire plant at Bhuj (Gujarat) plant was set up in 2014 on 325 acres’ land is a game-changer for BKT with world-class manufacturing facilities, supported by a most modern and sophisticated R&D centre set up on 53 acres’ land and of global standards.

BKT’s world-class manufacturing facilities and R&D centre helped the company to develop a wide range of all-steel radial OTR tires for both surface and underground mining segments with global quality standard.

Operating with an unstoppable growth mind-set, its best-in-class Bhuj site facilitates one of the most advanced plants in the country and is actively steering a future-ready course for the OTR segment.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM COAL INSIGHTSView All

Indian Railways' coal handling down 7.6% in FY21

Railways during FY21 transported 542 mt of coal, down by 7.6% from 587 mt handled during FY20. Revenue from coal were down by 20% to ₹50,596.25 crore during FY21.

1 min read
Coal Insights
April 2021

NLC India produces 1mt of coal in 1st year of operation

In its first year of coal mining from its Talabira mines in Odisha, NLC India has been able to cross the target set for the maiden year at 0.937 million tons by actually excavating 1.013 million tons in FY21.

2 mins read
Coal Insights
April 2021

Traffic handled by major ports down 4.6% in FY21

The 12 major Indian ports handled 673 mt of total traffic during FY21, lower by 4.59% from 705 mt recorded for FY20, according to data released by IPA.

1 min read
Coal Insights
April 2021

“BIG OPPORTUNITIES AHEAD FOR CONSTRUCTION, MINING EQUIPMENT BIZ”

Commercial coal mining will bring capital investments of ₹33,000 crores in the next five years which will boost the size of the mining equipment biz to around ₹21,900 crores by 2025 with highest investment likely in dumpers, followed by crushing, pulverizing and sizing equipment, Sandeep Mathur, Brand Leader, Case India, told Ritwik Sinha of Coal Insights. The company has been attached to a number of government projects like Sagarmala, Bharatmala, Pradhan Mantri gram Sadak Yojna and Trilateral Highway (India-Myanmar-Thailandhighway).

4 mins read
Coal Insights
April 2021

India coal demand to rise by 9% in 2021: IEA

Global supplies may touch 2014 peak

8 mins read
Coal Insights
April 2021

CIL should speed up coking coal, coal gasification projects

With nearly 100 coal mines going for commercial mining, Coal India will face its biggest challenge from the private sector, especially in thermal coal as commercial mining would mostly be for coal meant for power plants.

6 mins read
Coal Insights
April 2021

NTPC records highest ever generation in FY21

“Due to its unique location as well as sound electricity infrastructure, India must lead in energy cooperation and development of market in the South Asia, regional transmission infrastructure development as well as facilitate efficient utilization of the energy resources for the cross-border entities. Nepal is the first country to avail the benefit of buying day ahead power from power exchange through NVVN.” Mohit Bhargava,CEO, NTPC Vidyut Vyapar Nigam Ltd.

3 mins read
Coal Insights
April 2021

Power capacity addition at 1,450 MW in February

Power generation capacity addition in February 2021 stood at 1,450 megawatts (MW), according to data released by the Central Electricity Authority (CEA). The target for the month was 250 MW. In February 2020, 300 MW was added.

2 mins read
Coal Insights
April 2021

Coal India capex doubles at ₹13,115 crore in FY21

Coal India Ltd (CIL) more than doubled its capital expenditure to a record high of ₹13,115 crore in FY21, compared to the previous year.

5 mins read
Coal Insights
April 2021

Can Covid resurge sap the coal story?

The return of the Covid pandemic in a mutated and deadlier form is testing the resilience of the recovery of Indian economy which has just started to gather steam.

10+ mins read
Coal Insights
April 2021