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MRF inks pact with Tamil Nadu Government for greenfield manufacturing facility

04 Mar 2026 Evaluate

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.

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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