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MRF enters into power purchase agreement with First Energy 5

30 Nov 2023 Evaluate

MRF has entered into a captive power purchase agreement with First Energy 5 for purchase of wind power under the captive power policy of the Government and in this connection will be acquiring upto 11.95% of the paid up equity of the company. Rs 11.35 crore 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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