Tube Investments to Acquire Majority Stake in KCAL India for INR 62 Crore
The acquisition of Kcaltech System India Private Limited (KCAL India), a subsidiary of South Korea’s KC Altech Company Limited, will enhance the presence of TII, a Murugappa Group firm, in the HVAC market. Nov 29, 2024 Murugappa Group’s Tube Investments of India Limited has signed an executive agreement to acquire a 67 percent equity stake […]
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 […]
