Project News Detail
| Project No : | 206364 |
|---|---|
| Project Title : | Tube Investments plans Rs 650-cr capex for EV, medical equipment growth |
| Company Name : | Tube Investments Of India |
| Project Detail : | Tube Investments of India, part of the Murugappa Group has announced a major expansion plan, targeting combined fresh investments of Rs 600–650 crore in the current financial year for medical equipment manufacturing and electric mobility. Management said it will allocate Rs 300–350 crore as capital expenditure and invest an additional Rs 300 crore in its subsidiary TI Clean Mobility. The strategy aims to drive the next phase of growth by diversifying into high-demand, technology-driven sectors. The company stated that these investments will help expand manufacturing capabilities, improve product offerings and support long-term value creation. The push into electric mobility and healthcare equipment aligns with broader industry trends of electrification and healthcare infrastructure growth in India. |
| Project Location : | Multi Location (Multi State) - Multi State - India |
| Project Estimation : | Refer Document |
| Status : | Announced |