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Tube Investments of India Limited (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry.
TII reported Q1 revenue of ₹2,366 Cr (+18%) and Free Cash Flow surged to ₹174 Cr (+112%). Subsidiaries launched new EV variants, including battery swapping trucks, and commissioned major facilities like CG Power's EHV switchgear and CG Semi's semiconductor plant. TII also acquired Orange Koi and invested ₹25 Cr in...
Tube Investments of India (TII) has increased its stake in subsidiary Shanthi Gears Limited (SGL). TII acquired an additional 2.69% of SGL's equity shares for Rs. 77.49 Cr via a block deal. This boosts TII's total holding in SGL from 70.46% to 73.16%. The move is part of TII's long-term...
Tube Investments' Q1 FY2027 standalone revenue grew to Rs. 2,366 Cr, though PBT saw a slight dip due to commodity steel price inflation. Management expects full recovery of steel price increases in coming quarters, targeting margin improvement. Engineering volumes grew 17%, driven by strong demand and double-digit export growth. The...