Tube Investments forays into metal injection molding

Tube Investments of India Ltd., a part of the Murugappa Group, has agreed to buy 87 per cent equity stake in Orange Koi Private Ltd. through a combination of primary infusion and secondary acquisition, in one or more tranches, for a total sum of up to Rs 73 crore.

Listen to this article

The acquisition marks the company’s strategic entry into the metal injection molding business.

The proposed acquisition aligns with TII’s long-term growth strategy, as it continues to diversify into adjacent business segments that complement its core strength, the company said.

Currently, Orange Koi is engaged in manufacturing precision parts using specialized technologies, including metal injection molding and additive manufacturing. The proposed investment will support Orange Koi’s expansion plans, including increasing its manufacturing capabilities, it added.

“By combining TII’s engineering expertise and strong customer relationships with Orange Koi’s cutting-edge specialized technologies and deep culture of innovation, we are building a formidable platform that will deliver substantial value to our customers, while strongly positioning us at the forefront of next-generation precision manufacturing,” Mukesh Ahuja, Managing Director of TII, said.

 

 

Latest

Temasek-backed Sembcorp Green Infra gets SEBI nod for IPO

The proposed IPO comprises a fresh issue of Equity...

Chennai to Host Plumbing Conference, after 9 years

The conference will bring together water, plumbing, sanitation and...

Bodhi Tree Systems to invest $180 mln in A2B

The investment will help scale A2B nationally and across...

Retail inflation crosses 6% in October

“October's inflation print was less a surprise than a...

Newsletter

Don't miss

Temasek-backed Sembcorp Green Infra gets SEBI nod for IPO

The proposed IPO comprises a fresh issue of Equity...

Chennai to Host Plumbing Conference, after 9 years

The conference will bring together water, plumbing, sanitation and...

Bodhi Tree Systems to invest $180 mln in A2B

The investment will help scale A2B nationally and across...

Retail inflation crosses 6% in October

“October's inflation print was less a surprise than a...

Brazil’s WEG to invest Rs 2,000 crore in Dharmapuri

The company had earlier evaluated multiple states and following...

Temasek-backed Sembcorp Green Infra gets SEBI nod for IPO

The proposed IPO comprises a fresh issue of Equity Shares aggregating up to Rs 3,750 crore, with no Offer for Sale (OFS) component. Sembcorp proposes...

Chennai to Host Plumbing Conference, after 9 years

The conference will bring together water, plumbing, sanitation and infrastructure experts, along with key stakeholders from across India’s construction sector. The conference will focus...

Bodhi Tree Systems to invest $180 mln in A2B

The investment will help scale A2B nationally and across the globe. However, how much stake  Bodhi Tree will take was not disclosed. A2B has a...