Shares Bazaar

MRF inks pact with Tamil Nadu Government for greenfield manufacturing facility

The proposed project when implemented envisages an estimated investment of about Rs 5,300 crore over a period of 12 years

MRF has entered into a non-binding memorandum of understanding (MoU) with the Government of Tamil Nadu, through its Nodal Agency ‘Guidance’ to facilitate the setting up of a Greenfield manufacturing facility for Automotive Tyres and Allied Products at SIPCOT Industrial Park, Sivaganga District, Tamil Nadu.

The proposed project when implemented envisages an estimated investment of about Rs 5,300 crore over a period of 12 years and is expected to generate direct employment for around 1000 persons.

MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It provides an institute for driver development.