MRF To Invest Rs 53 bn In Tamil Nadu Tyre Plant

10 Mar 2026 CW Team

Apart from Tamil Nadu, the company operates units in Kerala, Goa, Telangana and Gujarat. MRF's consolidated total income rose by 15 per cent to Rs 81.75 bn in the third quarter ended December 2025 from Rs 70.99 bn a year earlier. Consolidated profit before tax was Rs 9.17 bn for the quarter after an exceptional provision of Rs 0.77 bn for the new labour code, compared with Rs 4.24 bn in the corresponding quarter of 2024.

The state has unveiled the Tamil Nadu Ship Building Policy 2026 to develop shipbuilding clusters capable of supporting large commercial vessels, defence craft, submarines, green vessels and offshore structures. The policy sets out structured incentives to attract global shipyards and marine manufacturers, including equity participation, asset leasing, capital support and production-linked incentives to encourage long-term investment in shipbuilding and related manufacturing. Sustainability and industry four point zero skill development are central to the plan, with institutions such as the Indian Maritime University and the State Shipbuilding Skill Council to support workforce development.

Tamil Nadu's natural advantage includes a 1,076 km coastline and deep water access capable of handling vessels above 200,000 deadweight tonnage, supported by a manufacturing ecosystem with more than 40,000 factories. The policy aims to convert that strength into a clear maritime manufacturing strategy and to position the state to lead future shipbuilding growth. Implementation will depend on approvals and investment commitments, and the new tyre project will proceed subject to final incentives and clearances.

MRF has signed a memorandum of understanding with the Tamil Nadu government to establish a greenfield manufacturing facility for automotive tyres and allied products at Sipcot Industrial Park in Sivaganga district. The plant will be the company's fourth in the state after units in Tiruvottiyur, Perambalur and Arakonam. The proposed project envisages an estimated investment of about Rs 53 billion (bn) over 12 years and is expected to generate direct employment for approximately 1,000 people. The memorandum is non-binding and subject to sanction of a customised incentive package, infrastructure support and statutory approvals by the state government. Apart from Tamil Nadu, the company operates units in Kerala, Goa, Telangana and Gujarat. MRF's consolidated total income rose by 15 per cent to Rs 81.75 bn in the third quarter ended December 2025 from Rs 70.99 bn a year earlier. Consolidated profit before tax was Rs 9.17 bn for the quarter after an exceptional provision of Rs 0.77 bn for the new labour code, compared with Rs 4.24 bn in the corresponding quarter of 2024. The state has unveiled the Tamil Nadu Ship Building Policy 2026 to develop shipbuilding clusters capable of supporting large commercial vessels, defence craft, submarines, green vessels and offshore structures. The policy sets out structured incentives to attract global shipyards and marine manufacturers, including equity participation, asset leasing, capital support and production-linked incentives to encourage long-term investment in shipbuilding and related manufacturing. Sustainability and industry four point zero skill development are central to the plan, with institutions such as the Indian Maritime University and the State Shipbuilding Skill Council to support workforce development. Tamil Nadu's natural advantage includes a 1,076 km coastline and deep water access capable of handling vessels above 200,000 deadweight tonnage, supported by a manufacturing ecosystem with more than 40,000 factories. The policy aims to convert that strength into a clear maritime manufacturing strategy and to position the state to lead future shipbuilding growth. Implementation will depend on approvals and investment commitments, and the new tyre project will proceed subject to final incentives and clearances.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..