Tube Investments of India has received approval for long-term borrowing up to Rs 350 crore by way of term loan and/or by way of issue of privately placed secured non-convertible debentures, in one or more tranches, if required, to meet the company's fund requirements for FY 2024-25. The Board of Directors of the Company at their meeting held on May 13, 2024 has approved the same.
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.
