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Tube Investments plans to expand its capacity

23 Aug 2016 Evaluate

Tube Investments is planning to expand its capacity for manufacturing of tubes under its engineering business, to meet its expectations to grow at 20-25% a year in this business. In this regard, the company will be investing around Rs 40-50 crore this year and the plans for a larger capex would be ready by the beginning of 2017, according to senior management officials.

Every year the company spends around Rs 70-75 crore of capex in this business and the company expects to spend another Rs 40-50 crore, for debottlenecking.

Tube Investments of India is the flagship company of the Murugappa Group with multiple businesses ranging from diversified auto-ancillary products, bicycle retailing to financial services and insurance.

 

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