MRF To Invest Rs 4,500 Crore For Its New Project In Gujarat
By Ankit verma
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Updated: Sep 12th, 2023 at 6:21 pm
India’s largest tyre maker, MRF has decided to invest Rs 4,500 crore (in a phased manner) to build its new facility in the India’s western state of Gujarat. In this regard, the company has signed a memorandum of understanding (MOU) with the Government of Gujarat on 11th January, 2017.
As per the company’s regulatory filings, it is been learnt that the new facility would be used for the manufacturing of automotive tyres, tubes, flaps and related products. The company is going to fund the project through internal accruals and/or debt. The planned investment will be over a period of 10 years.
The motive behind setting up this facility in Gujarat is the expansion of MRF’s pan-India manufacturing capacity of tyres and related products.
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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1 thought on “MRF To Invest Rs 4,500 Crore For Its New Project In Gujarat”
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I get that kind of info written in such a perfect approach?
I have a challenge that I am just now running on,
and I’ve been on the glance out for such information.