MRF to set up radial tyre factory in Perambalur district
Tyre Major MRF is to set up a new radial tyre factory in the backward Perambalur district of Tamil Nadu, besides expanding its capacity at its Chennai and Arakonam units.
By PTI |
CHENNAI: Tyre Major MRF is to set up a new radial tyre factory in the backward Perambalur district of Tamil Nadu, besides expanding its capacity at its Chennai and Arakonam units.
A MOU in this regard was signed by the company with the Tamil Nadu government, an official press release said today.
In the first phase of project, 3.50 lakh tyres would be manufactured at the Perambalur unit, which would go to seven lakhs in the second stage.
The programme would cost the company Rs.900 crore and would provide direct employment to 2500 persons in the first phase and to 5000 in the second phase, it said.
MRF chairman K M Memon and State Industries Secretary M O H Farooki signed the MOU in the presence of the Chief Minister M Karunanidhi, the release added.
A MOU in this regard was signed by the company with the Tamil Nadu government, an official press release said today.
In the first phase of project, 3.50 lakh tyres would be manufactured at the Perambalur unit, which would go to seven lakhs in the second stage.
The programme would cost the company Rs.900 crore and would provide direct employment to 2500 persons in the first phase and to 5000 in the second phase, it said.
MRF chairman K M Memon and State Industries Secretary M O H Farooki signed the MOU in the presence of the Chief Minister M Karunanidhi, the release added.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
