Automobile tyre manufacturer MRF Ltd has signed a memorandum of understanding with Tamil Nadu government on May 2 to set up a radial tyre plant in Perambulur district. Apart from the greenfield plant, MRF will also expand its existing radial tyre plant at Arakonam in the same state. The total investment in the two projects is an estimated Rs 900 crore. The new plant will roll out 350,000 car and truck radial tyres per year in the first phase. The total capacity at the completion of the second phase will be 700,000 units annually.

Contact: MRF Ltd, 124 Greams Road, Chennai, Tamil Nadu 600006. Tel: 044- 28292777