Chennai, March 23 (IANS) Tyre major MRF Ltd plans to expand production capacity at its two plants in Tamil Nadu by investing Rs.4,500 crore over a period of seven years, the company said.
In a filing with the BSE, the company said that as part to its expansion plan it proposes to invest Rs.4,500 crore in its plants in Perambalur and Arakonam over a period of seven years.
"The government of Tamil Nadu considered the above proposal and has decided to accord 'Ultra Mega Project Status' under the Tamil Nadu Industrial Policy, 2014. The Memorandum of Understanding between the government and the company in this regard is expected to be signed shortly," MRF said.
Under the ultra mega project status, the state government offers various tax incentives.
The tyre maker has three plants located in Tamil Nadu, one each in Puducherry, Kerala, Goa and two in Andhra Pradesh.
Amid BJP MP Nishikant Dubey's controversial remarks on the Supreme Court, Vice President Jagdeep
Covid-19 Vaccination: India's corona vaccination campaign, know the important milestones so far
Corona Vaccination in India: The Covid-19 vaccination campaign in India is in its final stages. M
new Delhi. The condition of Corona virus has worsened the condition of most of the countries arou
Leader Shama Mohammed, who called Indian cricket team captain Rohit Sharma fat, has now made a st
Prime Minister Narendra Modi is presiding over the second National Conference of Chief Secretarie
EPFO: 8.5% interest on EPF for 2019-20
The Labor Ministry has decided to notify the 8.5 percent interest rate for 2019-20 on the Employe
Petrol prices are skyrocketing. In such a situation, what would you say if a petrol pump owner st
Continuous efforts are being made to control the rising inflation. In this episode, the governmen
In India, people typically retire from work at 60, but by 83, talk of retiring from life begins.
We had come to see our stars. We had bought tickets for the ceremony but could not enter the stad
