Moneycontrol
Jan 11, 2017 04:18 PM IST | Source: Moneycontrol.com

MRF to invest Rs 4,500 cr in new Gujarat facility

Chennai-based MRF, the country‘s largest tyre maker by capacity, will invest Rs 4,500 crore in a green field manufacturing plant based in Gujarat.

 
 
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Swaraj Baggonkar
Moneycontrol

Chennai-based MRF, the country’s largest tyre maker by capacity, will invest Rs 4,500 crore in a green field manufacturing plant based in Gujarat.


The plant, which will involve investments spread over a period of ten years, will make automotive tyres, tubes, flaps and related products.


The new plant is to be set up in Gujarat with the intention of broad-basing the company’s manufacturing facilities across India, said a release by the company.


The project will be funded by internal accruals or debt or a mix of both.

Currently, the company has five tyre making facilities and two factories where it makes paints and coats in India.


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