Murugappa Group

TCM has already unveiled its passenger three-wheeler electric vehicle, the sales of which are expected to grow over the next few quarters

The acquisition would be by subscribing to 10,753 equity shares for a total consideration of Rs 6.15 crore

Tube Investments of India of the diversified conglomerate Murugappa Group has reported a standalone profit after tax (PAT) at Rs 142.46 crore for the July-August 2022 quarter, the company said on Friday. The company registered standalone PAT at Rs 121.42 crore during the corresponding quarter last year. For the half-year ending September 30, 2022 the standalone PAT grew to Rs 276.78 crore from Rs 218.38 crore the corresponding period last year. The standalone total revenue from operations grew to Rs 1,920.32 crore from Rs 1,676.35 crore. For the six-month period, the standalone total revenue went up to Rs 3,889.36 crore from Rs 2,943.99 crore. The engineering business reported revenues of Rs 1,192 crore during the quarter ending September 2022 as compared to Rs 1,207 crore last year. Revenue from the metal formed products was at Rs 371 crore as against Rs 328 crore. The mobility division registered revenues of Rs 226 crore during the quarter under review as compared to Rs 262 cr

Murugappa group's financial services unit says bad loans are down and it expects AUM to grow 25% this financial year

CIFC's total income increased by 22 per cent from Rs 2,481 crore during the second quarter of 2022-23 from Rs 3,038 crore during the same period last financial year

Revenue spike driven by strong show in electro minerals and ceramics, and sales of Rs 141 crore by newly acquired subsidiaries

Eldest daughter of former Murugappa Group exec chairman M V Murugappan was the one who had taken family members to NCLT

Launch is part of the group's strategy to focus aggressively on EVs, with e-3W under the brand Montra Electric, electric tractors under Cellestial Egat, electric HCVs under Rhino 5536 brand

The group is learning from an unsuccessful foray into e-scooters by focusing on electric tractors, three-wheelers and heavy commercial vehicles

The capital expenditure incurred during the quarter was Rs 56 crore at the consolidated level

The company said in a statement that it has identified electronic products and components as a growth sector

The deal would be done through a combination of primary and secondary purchases of shares

The company to buy 65.2 per cent stake in lPL Tech Electric Private Limited a startup engaged in manufacturing and sale of electric heavy commercial vehicles.

Murugappa Group will also manufacture electric tractors this year through subsidiary

Murugappa Group's turnover increased by 31 per cent to Rs 54,722 crore, as against Rs 41,706 crore in 2020-21

At present, India is a net importer of sulphuric acid, and the third largest buyer globally, accounting for close to two million tonnes of imports

CG Power and Industrial Solutions hit a multi-year high of Rs 157.65 today, and has zoomed 3,261 per cent from its March 2020 low of Rs 4.69 on the BSE

The main allegation is that there has been a history of gender discrimination in the Murugappa Group

Company will start making and selling the vehicles by December 2021 or January next

The company did not disclose other details, including where the facility will come up and when that will happen