Page 2 - Tube Investments

Tube Investments hits 6 month-high; zooms 29% in 2 weeks on strong outlook

TII's diversified approach to de-risk from auto sector and concentrate more on other industrial segments (like railways & powers through the inorganic form) to support long-term revenue visibility.

Tube Investments of India clocks standalone PAT of Rs 136.36 crore in Q4

Total income for the year ending March 31, 2022 rose to Rs 6,432.91 crore from Rs 4,302.28 crore registered a year ago

Tata Elxsi, Tube Investments seen gaining from FTSE indices rejig

According to an analysis done by IIFL Alternative Research, 15 companies are set to migrate from FTSE All-Cap index to FTSE All-World

Stocks to Watch: Axis Bank, Airtel, SBI Cards, Voda Idea, IEX, Burger King

Cipla, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Maruti Suzuki, Pidilite, SRF, Torrent Pharma and United Spirits to announce results today.

Tube Investments ropes in Korean firm for 3-wheeler EV technology

Company will start making and selling the vehicles by December 2021 or January next

Murugappa Group to foray into vehicle manufacturing via Tube Investments

The company did not disclose other details, including where the facility will come up and when that will happen

Azim Premji, SBI MF invest Rs 350 cr in Tube Investments preferential issue

The money will be used to fund TII's organic and inorganic growth, including acquisition of CG Power and Industrial Solutions and TII's proposed capex

Tube Investments increases stake in CG Power after preferential allotment

Initially, TII invested around Rs 700 crore to acquire 51% stake in the scam-hit CG Power and Industrial Solutions

Tube Investments reports PAT of Rs 101 cr in Q2, revenue of Rs 1,193 cr

TII's consolidated revenue for the quarter was Rs 1,193 crore as against Rs 1,247 crore in the corresponding quarter of the previous year

Tube Investments gets board nod to infuse another Rs 100 cr in CG Power

The firm has already committed Rs 700 crore to CG Power

Street sees CG Power's acquisition by Tube Investments as a win-win deal

A stronger partner will help business growth; further gains for the stock hinges on pricing and deal completion

CG Power acquisition likely to double revenues of Tube Investments

But turnaround could stretch its finances in short term

Murugappa Group's Tube Investments buys controlling stake in CG Power

The two companies entered into an agreement for issuance and allotment of equity shares and warrants totalling to Rs 700 crore on Friday

Tube Investments to focus on other businesses to reduce exposure to auto

Growth in these businesses will have to come from both organic and inorganic means over next 3-5 years, says firm's MD Vellayan Subbiah

Tube Investments looks to auto sector

Murugappa Group firm Tube Investments of India is expecting growth in the domestic market

Tube Investments to look at expanding capacity in engineering business

The company will be looking at additional Rs 40-50 crore to debottleneck the existing capacity of the division prior to expansion

Tube Investments PAT jumps over 100 pc to Rs 40 cr

Firm's PAT stood at Rs 18.01 crore during same period a year ago

Tube Investments posts 5-fold rise in net profit at Rs 725 crore

The company sold 14% shareholding in Cholamandalam MS General Insurance for Rs 883 crore to JV partner