India’s Most Expensive Stock: Leading Tyre Manufacturer Signs Rs 5,300 Crore Greenfield MoU in Tamil Nadu

On March 4, 2026, shares of MRF Ltd fell 2.68 per cent to Rs 1,35,105 per share from its previous closing of Rs 1,38,825 per share. The stock’s 52-week high is Rs 1,63,600 per share and its 52-week low is Rs 1,02,124.05 per share.

During the trading session, the stock touched an Intraday high of Rs 1,38,490, reflecting a surge of about 2.11 per cent from its current traded price of Rs 1,35,105.

MRF Ltd has executed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu for setting up a greenfield manufacturing facility in the Sivaganga district. The agreement has been signed through the state’s nodal agency, Guidance, to facilitate the establishment of a manufacturing plant for automotive tyres and allied products at the SIPCOT Industrial Park in Sivaganga, Tamil Nadu.

The MoU is non-binding and remains subject to the sanction of a customised incentive package, infrastructure support including land allocation, and statutory approvals under applicable laws by the Government of Tamil Nadu.

The proposed project, once implemented, envisages an estimated investment of approximately Rs 5,300 crore over a period of 12 years. It is expected to generate direct employment for around 1,000 persons, strengthening the company’s manufacturing footprint and supporting regional industrial development.

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Advanced threat detection tools, encryption protocols, real-time monitoring, and artificial intelligence-driven analytics enable intelligence agencies to identify suspicious activities and neutralise threats before they escalate. Cybersecurity frameworks also ensure secure communication channels for confidential operations and protect national databases from ransomware and malware attacks.

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MRF Ltd has a market cap of over Rs 57,297.84 crore. The stock price has surged over 56.52 per cent in the last 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.