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.

Technology

02 Apr 2026

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Real Estate

02 Apr 2026

Neoterra Developments breaks ground on ELMORA at Jumeirah Garden City

Neoterra Developments has officially commenced construction of its upscale residential tower, ELMORA, at Jumeirah Garden City following a groundbreaking ceremony held in Dubai. The developer confirmed that the project is scheduled for completion in February 2028 and also announced its next residential development in Dubai Production City, which is expected to be launched in Q2 2026.ELMORA, valued at approximately AED 130 million in gross development value (GDV), is being developed in collaboration with GRID, which has been appointed as the project’s Development Lifecycle Management (DLM) par..

Real Estate

02 Apr 2026

Bent Collective Unveils Sculptural Papillon Sofa

Bent Collective has introduced the Papillon Sofa, a sculptural seating piece that combines artistic design with everyday comfort. Defined by a fluid silhouette, the sofa features a gently curved backrest, asymmetrical form, rounded seating, a single rolled arm and sleek legs, creating a soft yet expressive presence for contemporary interiors. Upholstered in a soothing blue tone, the Papillon Sofa is designed to bring a sense of calm, movement and visual lightness to living spaces. Its organic form moves away from rigid lines, reflecting the brand’s focus on furniture that is both i..