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Tube Investments of India acquires equity shares of X2Fuels and Energy

24 Feb 2023 Evaluate

Tube Investments of India has acquired 10,753 equity shares of the face value of Rs 10 each, representing 50% of the subscribed and paid up share capital of X2Fuels and Energy. X2Fuels is an early-stage start-up incubated at the National Centre for Combustion Research and Development (NCCRD) at IIT Madras. The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

Tube Investments Share Price

2789.65 33.55 (1.22%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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