Kesoram Industries Ltd is setting up Passenger Car Radial Unit of 80 MT per day at Balasore, about 194 km north of the Odisha state capital Bhubaneswar. The project is estimated to cost around Rs 800 crore. The company has so far invested Rs 600 crore in the project. The project is coming up in phases. The first phase is likely to be made operational by Q1FY19.