10,121.77 TRY BIST 100 BIST 100
35.76 USD USD USD
37.30 EUR EUR EUR
4.96 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
38.07 TRY Interest Interest
77.29 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
8,890.00 USD Copper Copper
104.56 USD Iron Ore Iron Ore
339.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,175.42 TRY Gold (gr) Gold (gr)

Tube Investments of India to set up a greenfield precision steel tube plant

Tube Investments of India Ltd, an engineering company of the Murugappa Group, is preparing to set up a state-of-the-art precision steel tube manufacturing plant in western India.

Tube Investments of India to set up a greenfield precision steel tube plant

A total investment of Rs 211 billion ($2.5 billion) has been allocated to this ambitious project. The company has confirmed that it will finance this initiative primarily through internal accruals.

In an official statement issued on Tuesday, the company's board of directors gave the green light to the setting up of this greenfield precision steel tube manufacturing unit. The project is expected to be completed in the 2024-25 fiscal year, demonstrating the company's commitment to expanding its production capabilities and contributing to the region's growth.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye's imported scrap market showed an upward trend

Wednesday, January 29, 2025

Algerian Qatari Steel exports 700,000 tons, wins best exporter award

Wednesday, January 29, 2025

Disputes expected to increase in MENA construction sector

Wednesday, January 29, 2025

SSAB reported revenues of 2.06 billion euros in the 2024 fourth quarter

Wednesday, January 29, 2025

JSIS introduces the use of steel slag in road construction

Wednesday, January 29, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now