FY2024: The Year of Resilience
During a period when leading economies have either fallen into a downturn or slowed down, India has stood out as the most promising area. In its latest update, the International Monetary Fund has raised India’s growth prediction to 6.8 percent from 6.5 percent. It has also increased the country’s outlook for fiscal year 2024 to […]
Tube Investments of India to Invest INR 211 Crore to Setup Greenfield Precision Steel Tube Unit
Tube Investments of India Limited has announced to set up a greenfield precision steel tube manufacturing facility for INR 211 crore in western India. Oct 31, 2023 Tube Investments of India Ltd has announced to set up a greenfield precision steel tube manufacturing facility at an outlay of INR 211 crore. The Murugappa Group company […]
Tube Investments invests INR 141 crore for capacity expansion at Tiruttani unit
Tube Investments of India Ltd. (TII) is planning to invest around INR 141 crore to upgrade the large diameter precision steel tubes manufacturing capacity from the previous 4,125 tonnes a month to 5,950 tonnes a month at its Tiruttani unit in Chennai. Tube Investments of India Ltd. (TII), the engineering company of the Murugappa Group, […]
Tube Investments of India to Come Up With Electric Heavy Commercial Vehicles
This will be the second venture of Tube Investments of India in the electric vehicle category, the first being an e-three-wheeler under the Montra brand. November 18, 2022 Tube Investments of India Ltd. (TII) is all set to introduce electric heavy commercial vehicles. This launch will be followed by small electric tractors, as informed by […]
Tube Investments of India Shares its Financial Performance for Q1 FY23
Murugappa Group-owned Tube Investments of India has reported a standalone profit after tax (PAT) of INR 134.32 crore for first quarter of the current financial year. Chennai-based Tube Investments of India Ltd. (TII), part of the Murugappa Group, has shared its standalone quarterly results of the first quarter of the current fiscal ending June 30, […]
Tube Investments of India looking for OEM Partnerships
Recently, Tube Investments has commissioned a new tube mill, featuring advanced process technology, in Chennai. Tube Investments of India Ltd. (TII), a Murugappa Group company, is emphasising upon OEM partnerships as well as building up the distribution channel networks in a bid to increase its presence in the overseas markets. As published in a leading […]
Tube Investments of India Ventures into Electronics Component Segment
Tube Investments has diversified its portfolio with the acquisition of Noida-based Moshine Electronics, which is aligned with its long-term growth plans. Tube Investments of India Ltd. (TII), a Murugappa Group company, has acquired a 76 percent equity stake in Moshine Electronics Pvt. Ltd. (MEPL), a company manufacturing camera modules for mobile phones. The take-over by […]
