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MRF inks MoU with Tamil Nadu government to invest ₹5,300 crore to set up a new greenfield manufacturing unitThe proposed plant, is to be located at SIPCOT Industrial Park in Sivaganga district, will manufacture automotive tyres and allied products, MRF said.By CNBCTV18.com March 4, 2026, 12:55:42 PM IST (Published)1 Min Read

Tyre maker MRF Ltd. on Wednesday, March 4, said it is looking at setting up a greenfield manufacturing facility in Tamil Nadu with an investment of about ₹5,300 crore in the next 12 years. 

In a regulatory exchange, MRF said it has signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu for the same. 

The proposed plant, to be located at SIPCOT Industrial Park in Sivaganga district, will manufacture automotive tyres and allied products, the company said.

The facility is expected to generate direct employment for around 1,000 people once implemented.

However, the period is subject to the state government sanctioning a customised incentive package, infrastructure support, including land, and statutory approvals.

Shares of the company were trading at ₹1,35,090 apiece, 2.9% down for the day as of 12.28 pm on Wednesday 

Last month, the company posted strong Q3 performance with 68% year-on-year growth in EBITDA to ₹1,399 crore for the quarter ended December 31, 2025. The figure for the year-ago period was ₹834 crore. Margins expanded by nearly 450 basis points to 17.4%.

Profitability more than doubled from to ₹691.8 crore from ₹316 crore last year, aided by a one-time impact of ₹77.2 crore due to the new labour codes.

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