MRF Share Price in Focus; Signs MoU with Tamil Nadu Govt for Greenfield Project

On March 4, 2026, MRF Limited announced the signing of a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu.  

This agreement aims to facilitate the establishment of a Greenfield manufacturing facility for automotive tyres and allied products in the Sivaganga District. 

Details of the MoU 

The MoU between MRF Limited and the Government of Tamil Nadu is non-binding and subject to the approval of a customised incentive package.  

The project will be located at the SIPCOT Industrial Park in Sivaganga District. It requires infrastructure support, including land and statutory approvals, under applicable laws by the state government. 

The proposed facility is expected to involve an investment of approximately ₹5,300 crore over 12 years. This significant investment is projected to generate direct employment for around 1,000 individuals. 

Investment and Employment Impact 

The ₹5,300 crore investment in the Greenfield project underscores MRF Limited's commitment to expanding its manufacturing capabilities in India.  

The project is anticipated to provide a substantial boost to the local economy by creating direct employment opportunities for 1,000 people. 

Read More: Balkrishna Industries Share Price in Focus; Enters Consumer Tyre Market, Targets ₹23,000 Crore Revenue by FY30! 

Location and Infrastructure 

The SIPCOT Industrial Park in Sivaganga District has been chosen as the site for this ambitious project. The location offers strategic advantages, including access to necessary infrastructure and support from the Tamil Nadu government.  

The collaboration with the state's nodal agency, "Guidance," highlights the importance of this project for regional development. 

MRF Share Price Performance 

As of March 04, 2026, at 11:35 AM, MRF share price on NSE was trading at ₹135,185.00 down by 2.62% from the previous closing price. 

Conclusion 

MRF Limited's MoU with the Government of Tamil Nadu marks a significant step towards establishing a Greenfield manufacturing facility in Sivaganga District. With an estimated investment of ₹5,300 crore and the potential to create 1,000 jobs, this project is poised to contribute to the region's economic growth and development. 

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