Tube Investments of India to invest Rs 211 crore in a greenfield unit near Pune, Maharashtra
Manufacturing
Oct 31,2023
The engineering company Tube Investments of India (TII) is going to invest Rs 211 crore to build a precision steel tube manufacturing greenfield plant in Maharashtra.The plant in Pune has received approval from the board of the Murugappa Group's company.
The facility is meant to produce a wide range of goods and is also meant to increase capacity and improve customer service for clients in various areas. The project will be financed by internal accruals for the corporation.In FY25, the project is anticipated to be finished.
The organisation that demonstrated robust performance while maintaining expansion depends on cost-cutting measures and kaizen enhancements to optimise operations.
Company :
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Tube Investments of India
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Murugappa Group