14,481.39 TRY BIST 100 BIST 100
44.88 USD USD USD
6.62 CNY CNY CNY
52.82 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.62 TRY Interest Interest
94.41 USD Fossil Oil Fossil Oil
6.01 USD Copper Copper
113.83 USD Silver Silver
106.97 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,922.16 TRY Gold (gr) Gold (gr)
107.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Tube Investments of India to set up a greenfield precision steel tube plant

Tube Investments of India Ltd, an engineering company of the Murugappa Group, is preparing to set up a state-of-the-art precision steel tube manufacturing plant in western India.

Tube Investments of India to set up a greenfield precision steel tube plant

A total investment of Rs 211 billion ($2.5 billion) has been allocated to this ambitious project. The company has confirmed that it will finance this initiative primarily through internal accruals.

In an official statement issued on Tuesday, the company's board of directors gave the green light to the setting up of this greenfield precision steel tube manufacturing unit. The project is expected to be completed in the 2024-25 fiscal year, demonstrating the company's commitment to expanding its production capabilities and contributing to the region's growth.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Uğur Dalbeler has become the new chairman of the Steel Exporters’ Association

Tuesday, April 21, 2026

Türkiye’s welded pipe exports increased by 4.7% in February

Tuesday, April 21, 2026

Tata Steel and SMS group take the world’s first decarbonization step in blast furnaces with EASyMelt

Tuesday, April 21, 2026

Mehmet Fatih Uysal has become the new chairman of the Aegean Ferrous and Non-Ferrous Metals Exporters’ Association

Tuesday, April 21, 2026

Mexico seeks an early agreement in steel, aluminum, and automotive sectors ahead of CUSMA

Tuesday, April 21, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now