Corporate News     30-Oct-23
Board of Tube Investments of India approves setting up greenfield precision steel tubes manufacturing unit
At meeting held on 30 October 2023
The Board of Tube Investments of India at its meeting held on 30 October 2023 has approved establishment of a greenfield precision steel tube manufacturing facility in Western India at an estimated cost of Rs. 211 crore.

The project will be primarily funded through internal accrual and is expected to be completed in FY 2024-25.

The greenfield facility is proposed to be established to manufacture multiple range of products and hence the manufacturing capacity, as such, cannot be ascertained at this stage.

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