Board of Tube Investments of India approves capex of Rs 141 cr

Image
Capital Market
Last Updated : Feb 03 2023 | 3:16 PM IST

At meeting held on 03 February 2023

The Board of Tube Investments of India at its meeting held on 03 February 2023 has approved capacity expansion (from 4125 MT/month to 5950 MT/month) at Company's large diameter precision steel tube manufacturing plant at Tiruttani near Chennai at a cost not exceeding Rs. 141 crore. The project is to be financed through internal accrual and is expected to be completed in FY 2024-25

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Smart Quarterly

₹900

3 Months

₹300/Months/month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Months/month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Unlimited access to all articles

  • 30+ premium stories daily, handpicked by our editor

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio

  • Wirecutter & The Athletic

Complimentary Access to Our e-Paper

  • Digital replica of our daily newspaper

  • Read, save, share any article

Curated Newsletters on Diverse Topics

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Smart Investment Tips

  • In-depth stock analysis & insights

  • The Smart Investor for wealth growth tips

Access to Extensive Historical Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading Experience

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Repository of articles and publications dating back to 1997

More From This Section

Gold price in Delhi today is ₹ 84,470, Click Here for other cities. Silver price in Delhi today is ₹ 84,470, Click Here for other cities.

First Published: Feb 03 2023 | 3:05 PM IST

Subscribe to read without limits
Subscribe Now
Next Story