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