MRF Ltd. will invest $721.8 million in its two factories in Tamil Nadu as part of its expansion plan.
The Chennai-based tyre company has announced that as part of its expansion plan, it proposes to invest in its plants at Perambalur and Arakonam over seven years. The State Government has decided to accord ultra-mega project status under its Industrial Policy of 2014. The memorandum of understanding between the Government and the company in this regard is expected to be signed shortly.