Report said that the expansion would provide employment to over 1,000 people.
India's leading tyre maker MRF reportedly said that it will invest about Rs 1,000 crore to double its capacity at a facility located near Hyderabad.
Last week, MRF approached Andhra Pradesh industries ministry to double capacities.
Report said that the expansion would provide employment to over 1,000 people.
MRF has about 32% market share in the Rs 41,000-crore domestic tyre industry.
MRF has Rs 2,853 crore of reserves and surp
lus in its books by the end of 2011-12,
Last week, MRF approached Andhra Pradesh industries ministry to double capacities.
Report said that the expansion would provide employment to over 1,000 people.
MRF has about 32% market share in the Rs 41,000-crore domestic tyre industry.
MRF has Rs 2,853 crore of reserves and surp
lus in its books by the end of 2011-12,
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