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MRF inks MoU with Tamil Nadu government

11 Sep 2015 Evaluate

MRF has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest not less than Rs 4,500 crore in its plants at Perambalur and Arakonam in Tamil Nadu over a period of 7 years.

MRF is India’s No.1 tyre manufacturing company with a turnover of Rs 14,000 crore. Currently, the company exports tyres to over 80 countries including America, Europe, Middle East, Japan, and the Pacific region. The overseas market contributes to 10-12% of the company's turnover at present.


Peers
Company Name CMP
MRF 124570.90
Apollo Tyres 405.95
JK Tyres & Inds. 355.25
Ceat 3433.10
Balkrishna Inds. 2198.45
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