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