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

Making a investment of Rs 250 crore near Thiruthani, Tube Investments of India (TII), of the Murugappa group, has set up a green field facility to manufacture large diameter tubes. With this product range, TII diversifies to service off - road vehicles and the construction industry. Till now the company produced tubes of 4.5 inches diameter, this facility will manufacture tubes of 7.5 inch dia. The product range includes a wide range of cold drawn welded (CDW) and electric resistance welded (ERW) tubes.

“The installed capacity of 11,000 tonnes will be able to serve the market which today depends largely on 30-40 per cent imports. The quality and just-in-time delivery will help TII to keep imports at brim,” said Managing Director, L Ramkumar. The company also plans to export  tubes to Europe, US and the ASEAN countries. This facility is expected to generate Rs 450 crore in three years and payback is expected in 7 years.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com