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Board of Tube Investments of India approves capex of Rs 141 cr

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Capital Market
Last Updated : Feb 03 2023 | 3:16 PM IST

At meeting held on 03 February 2023

The Board of Tube Investments of India at its meeting held on 03 February 2023 has approved capacity expansion (from 4125 MT/month to 5950 MT/month) at Company's large diameter precision steel tube manufacturing plant at Tiruttani near Chennai at a cost not exceeding Rs. 141 crore. The project is to be financed through internal accrual and is expected to be completed in FY 2024-25

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First Published: Feb 03 2023 | 3:05 PM IST

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