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MRF enters into agreement with First Energy 4 to purchase solar power

17 May 2023 Evaluate

MRF has entered into a purchase agreement with First Energy 4 for purchase of solar power and will be acquiring upto 19.10% paid up equity of the Company, which will be held during the tenure of the power purchase agreement. The Cost of acquisition is Rs 1309 lakh which will be invested for subscribing to the equity share capital of the Company. 

MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles.

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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