MRF Ltd share price moved higher in early trade on March 6, 2026, climbing ₹1,380 to ₹1,41,595, as the market continued to react to the company’s recently disclosed non-binding Memorandum of Understanding with the Government of Tamil Nadu for a proposed greenfield tyre manufacturing facility in Sivaganga district. The disclosure was made through a stock exchange filing dated March 4, 2026 (Ref: 071/SH/SE/MARCH/KGG/1) submitted to the National Stock Exchange of India Ltd and BSE Ltd. The agreement has been executed with the Tamil Nadu government through its investment promotion agency Guidance Tamil Nadu, according to the regulatory communication. Greenfield Manufacturing Project Proposed In Sivaganga MRF Ltd stated that it has entered into a facilitation Memorandum of Understanding with the Government of Tamil Nadu to support the development of a greenfield manufacturing facility for automotive tyres and allied products at the SIPCOT Industrial Park in Sivaganga district. The arrangement remains non-binding in nature, meaning the document reflects an investment intent rather than a legally enforceable capital commitment. According to the filing, the project envisages an estimated investment of approximately ₹5,300 crore spread across a 12-year implementation period. If executed, the facility may generate direct employment for around 1,000 persons, the company noted. However, the project remains subject to several administrative conditions, including: approval of a customised state incentive package land allocation and infrastructure support statutory and regulatory clearances under applicable laws Such facilitation MoUs are commonly used by Indian state governments to structure large industrial investments before definitive project agreements are executed.