Ad Here  
Apple maps – finding its way Realty sector takes a break... Tata Steel commence operations at Kalinganagar Chennai to get a roundabout Metro Waste, a gold mine Inclusive and forward moving... An American alliance in the chemical industry? Three more leather clusters… Pharma market dozes Downsizing spree... TII-challenging year with flat growth Techies trip to India Durga - India’s largest blast furnace; now operational Dynamic e-commerce scenario Rating of states to be released soon Climate change may change the way businesses work... Realising double digit growth in Tamil Nadu STFC raises money On the ‘milky’ way ALL-two launches in a row Industry-well poised to invest on expansion Flexible labour laws… SumInfra- corridor based development... Research needs more funding Creating Tamil Nadu Banana brand The new look- 4s Verna Business Breif Gem of social service... European crisis is a global crisis! Well-refined – RIL’s refinery margins zoom Sun Edison launches solar pumps Digital retail transactions stabilise at higher level… ECGC expands operations BRICS development bank Nothing to hide... Adding Zest to Scooty Steel loses its sheen Smart controls for cooling large multi-zone spaces ... Automotive Vision Plan II... Holiday Inn opens in OMR Chennai Chola MS net crosses 100 crores World labour laws at a glance ALL to launch electric busses TOP 10 CEO Compensation Curbing steel imports will hurt small business... Reality bytes ISRO's 100th mission IFCI to raise NCDs upto Rs 2000 crore Focus on self-certification and third party inspection - Backpack laboratory Purdue and IIT-M sign the dotted line A global plastic event in India Applauding enterprise... Ridley marathon to India Striking cords for 25 years… Innovation that helped Chennai port Make way for the new and dynamic railways Economic issues take a back seat at G20 summit Placing the right shoe forward... Is Indian telecom industry heading for a monopoly? Chola MS launches motor app Need to focus on ease of doing business... Airlines wage price war Illicit markets a concern to growing economy TCS’ revenues cross Rs 100,000 crore Housing Innovation Challenge, 2015 TN budget pragmatic and moderate on fiscal deficit Nigeria comes nearer Bridging the skill deficit in pharma industry People Flow Day- Safety TVS Logistics – another acquisition to sharpen the business model Secured NCDs from Shriram City Hyundai excites again TiE applauds innovative entrepreneurs TII’s single largest investment at Thiruthani Connecting the unconnected When Centre visits the state Celebrating 180 years of relevance Hero Motocorp - smooth ride More gensets and diesel engines from TAFE Celebration time at MS Chola Four daughters and a proud father Economic, business and social sustainability An aerospace-defence cluster in Tamil Nadu… Murugappa- a year of consolidation Towards peace of mind OBO Bettermann for better lightning protection Investor friendly Japan Scoot offers just Rs.13,500 to ANZ... Brand leaders come forward... Big-ticket investments march towards Punjab Chennai will soon get its World Trade Centre WABCO’s second Chennai plant Schwing Stetter India joins hands with US-based Gomaco Changing dynamics in human resource management ALL – truck industry is recovering from degrowth Chennai Port is at last decongested! Veritas Finance- financing the unfinanced Carrefour’s quick exit LVB gears to become a financial supermarket Business Briefs Auto test tracks launched at GARC Oragadam campus CUB: towards card-less withdrawal Blue Star plans a new plant in south Strategy war escalates between Hero and Honda AirAsia India infuses funds to fight out competition Indian Bank – global businesses crosses Rs 3 lakh crore... Time to fast-pace the logistics sector Indigo stays leader with 40 per cent share
TII-challenging year with flat growth

At the 64th AGM of Tube Investments of India, M M Murugappan, Chairman, presented a report on the company’s performance through 2012-13. With huge imports in kids segment affecting the cycle segment, the engineering division, which is 80 per cent dependent on the automobile sector, was hit by the downturn. To de-risk the business, the company eyes to expand  beyond automobiles. The company achieved a turnover of Rs 3642 crore during 2012-13  and the profit before tax was Rs 147 crore.

The company has invested Rs 250 crore in a mega project at Thiruttani for producing large diameter tubes.  

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236