Page 2 - Tube Investments

CG Power acquisition likely to double revenues of Tube Investments

But turnaround could stretch its finances in short term

Murugappa Group's Tube Investments buys controlling stake in CG Power

The two companies entered into an agreement for issuance and allotment of equity shares and warrants totalling to Rs 700 crore on Friday

Tube Investments to focus on other businesses to reduce exposure to auto

Growth in these businesses will have to come from both organic and inorganic means over next 3-5 years, says firm's MD Vellayan Subbiah

Tube Investments looks to auto sector

Murugappa Group firm Tube Investments of India is expecting growth in the domestic market

Tube Investments to look at expanding capacity in engineering business

The company will be looking at additional Rs 40-50 crore to debottleneck the existing capacity of the division prior to expansion

Tube Investments PAT jumps over 100 pc to Rs 40 cr

Firm's PAT stood at Rs 18.01 crore during same period a year ago

Tube Investments posts 5-fold rise in net profit at Rs 725 crore

The company sold 14% shareholding in Cholamandalam MS General Insurance for Rs 883 crore to JV partner