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MRF signs MoU with Government of Tamil Nadu

25 Jan 2019 Evaluate

MRF has signed a Memorandum of Understanding (MoU) with Government of Tamil Nadu in connection with Global Investors Meet (GIM), expressing its in-principle intention to invest a sum of Rs 3100 crore, over a ten year period, in a phased manner, in its existing locations at Perambalur, Arkonam and Tiruvottiyur, Chennai (within the State of Tamil Nadu) for manufacture of automotive tyres, tubes and flaps.

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 also provides an institute for driver development.

MRF Share Price

130559.05 578.85 (0.45%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 130559.05
Apollo Tyres 409.20
CEAT 3325.15
Balkrishna Inds. 2263.25
JK Tyres & Inds. 406.10
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