Murugappa Group

Type: Company
Name: Murugappa Group
First reported 22 hours ago - Updated 9 hours ago - 2 reports

TII’s large diameter tubes plant at Tiruttani inaugurated

Tube Investments of India (TII), part of the Rs. 24,300-crore Murugappa Group, has announced that the large diameter tubes manufacturing plant at Tiruttani was formally inaugurated on October 30. The plant has been built with a capital expenditure of ... [Published Indian Business Review - 9 hours ago]
First reported Oct 28 2014 - Updated Oct 29 2014 - 9 reports

BRIEF: Tube Investments sets up new facility at an investment of Rs250 crore [Mint, New Delhi :: ]

Oct. 29--CHENNAI -- Tube Investments of India LtdThe facility has an installed capacity of 11,000 tonnes of tubes a month. Though the capacity is idle because of poor demand, the market for such tubes used in infrastructure equipment is growing, said ... [Published BusinessWeek - Oct 29 2014]
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

TI Turns to North for New Facility, Punjab Off Radar

CHENNAI: Rajasthan and Punjab are prime contenders for a new bicycle manufacturing facility that Tube Investments of India (TII) , a subsidiary of Murugappa Group, is looking to set up in Northern India.On reports of a new facility being set up in Rajpura, ... [Published New Indian Express - Oct 29 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Shanthi Gears Q2 net profit down 66.2 pc to Rs 2.27 cr

Shanthi Gears, makers and suppliers of power transmission products, a subsidiary of Tube Investments of India of the Murugappa Group company, has reported a 66.2 per cent decline in net profit for the second quarter ending September 30, 2014 at Rs 2.27 ... [Published Business Standard India - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

TI to commission ₹250-cr tube factory near Chennai

Tube Investments of India will formally commission its ₹250-crore factory to manufacture large diameter, precision-welded tubes on Thursday.With the new factory at Thirutani, about 125 km south of Chennai, the tube manufacturer will expand its product ... [Published Hindu Business Line - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Edu Startup TestBook, Software Solutions Provider Posist Raise Funds Through LetsVenture

Two startups, an online exam preparation site TestBook and software solutions provider to the restaurants, Posist have managed to close their fund raising activities through the deal making site LetsVenture .com.Testbook :Started by half a dozen IITians ... [Published Deal Curry - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

ARCADIS : boosts Safety and Risk Management reach through Strategic Alliance with Chola MS

ARCADIS, the leading global natural and built asset design and consultancy firm, has signed a Strategic Alliance with Cholamandalam MS Risk Services (Chola MS), one of India's leading risk engineering consulting companies.  The Strategic Alliance will ... [Published 4 Traders - Oct 28 2014]
First reported Oct 27 2014 - Updated Oct 27 2014 - 1 reports

Shanthi Gears posts lower sales, net

Coimbatore-based Shanthi Gears Ltd, a Murugappa Group company that producers a wide range of power transmission products including gears, gear boxes etc, has posted lower net sales and net profit in the quarter ending Sept this year compared to the same ... [Published Hindu Business Line - Oct 27 2014]
First reported Oct 24 2014 - Updated Oct 24 2014 - 1 reports

Creador gets 75% IRR in dollar terms on exiting Repco Home Fin

Private equity firm Creador has sold majority of its stake in housing finance firm Repco Home Finance for a total sell value of Rs 146 crore. The PE firmed realised an IRR of about 75 per cent in dollar terms on the sale.Creador Advisors India Private ... [Published Business Standard India - Oct 24 2014]
First reported Oct 09 2014 - Updated Oct 09 2014 - 1 reports

Chola MS launches 'Go' app for motor insurance customers

Cholamandalam MS General Insurance, part of the diversified business conglomerate Rs 243 billion Murugappa Group, today launched its 'Go' mobile application targeting motor insurance customers.The company currently has about 8.50 lakh motor insurance ... [Published Business Standard India - Oct 09 2014]
First reported Oct 01 2014 - Updated Oct 01 2014 - 1 reports

CII launches 'Sanitation of Schools' campaign

New Delhi, Oct.1 (ANI): Confederation of Indian Industry (CII) has launched a mission called 'Sanitation of Schools' (SoS), which is an initiative to work with companies on construction of toilets across the schools in the country. CII's mission is an ... [Published Yahoo! India - Oct 01 2014]
Entities: Sanitation, Education, India
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Apax Partners backs Chola

Apax Partners is investing INR 5 billion ($84 million) in Cholamandalam Investment and Finance Company Limited . Chola was incorporated in 1978 as the financial services arm of the Murugappa Group . PRESS RELEASE On 26 July, 2014, the Board of ... [Published PE Hub Blog - Jul 28 2014]

Quotes

"In three years' time, we expect this new segment in which we are entering to drive the business" added Ramkumar. The tubes will also be exported
The bicycle and tube manufacturer TII announced that its ` "250 crore large diameter tube plant in Tiruttani in Tamil Nadu would be inaugurated on October 30. The plant, which will have a capacity of 11,000 tons per month, will cater to the requirements of the infrastructure sector by supplying hydraulic cylinders, propeller shafts and other large diameter-tube applications that are currently being served by imports. The plant, spread over 63 acres, has a highly automated production line and will manufacture a range of Cold Drawn Welded and Electric Resistance Welding tubes of 60-180mm diameters and 4-12.7mm thickness."
...this new state-of-the-art green field facility, we would be able to serve the needs of the off road vehicle and construction industries", he added. "At our new facility we can make precision tubes upto 7.5 inch diameter."
"In 3.5 years from now, we are expecting business topline Rs 450 crore from this plant. It will have an installed capacity of 11,000 tonnes per month" Kalyan Kumar Paul, President, Tube Products of India, a unit of Tube Investments of India, said

More Content

All (28) | News (25) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
TII’s large diameter tubes plant at Tiruttani i... [Published Indian Business Review - 9 hours ago]
Murugappa Group unit to invest Rs 250 cr [Published Deccan Herald - 22 hours ago]
BRIEF: Tube Investments sets up new facility at... [Published BusinessWeek - Oct 29 2014]
Tube Investments sets to launch Large Diameter ... [Published Indian-Commodity - Oct 29 2014]
TI Turns to North for New Facility, Punjab Off ... [Published New Indian Express - Oct 29 2014]
TI to commission ₹250-cr tube factory near Chennai [Published Hindu Business Line - Oct 28 2014]
Edu Startup TestBook, Software Solutions Provid... [Published Deal Curry - Oct 28 2014]
Tube Investments sets up new facility at an inv... [Published Livemint.com - Oct 28 2014]
Tube Investments eyes Rs 400 cr revenue from la... [Published Business Standard India - Oct 28 2014]
Shanthi Gears Q2 net profit down 66.2 pc to Rs ... [Published Business Standard India - Oct 28 2014]
TII announces its foray into large diameter tub... [Published Chennai Online - Oct 28 2014]
Tube Investments to set up large diameter tubes... [Published Business Standard India - Oct 28 2014]
Tube Investments to set up large diameter tubes... [Published Press Trust of India - Oct 28 2014]
Tube Investments targets Rs.450 crore from new ... [Published Yahoo! Malaysia - Oct 28 2014]
Tube Investments targets Rs.450 crore from new ... [Published ProKerala.com - Oct 28 2014]
ARCADIS : boosts Safety and Risk Management rea... [Published 4 Traders - Oct 28 2014]
Shanthi Gears posts lower sales, net [Published Hindu Business Line - Oct 27 2014]
Creador gets 75% IRR in dollar terms on exiting... [Published Business Standard India - Oct 24 2014]
Chola MS launches 'Go' app for motor insurance ... [Published Business Standard India - Oct 09 2014]
CII launches 'Sanitation of Schools' campaign [Published Yahoo! India - Oct 01 2014]
CII launches ‘Mission: Sanitation of Schools (S... [Published Noodls - Oct 01 2014]
Sukhbir Badal to visit Chennai, Hyderabad to wo... [Published Times of India - Sep 18 2014]
Apax Partners backs Chola [Published PE Hub Blog - Jul 28 2014]
Murugappa Group firm to acquire Shanthi Gears [Published Topnews.in - Jul 13 2012]
Tube Investments to acquire Shanthi Gears for R... [Published Topnews.in - Jul 13 2012]
Chola MS targets Rs.1,350 crore premium by Marc... [Published Topnews.in - Jan 02 2012]
Fact Sheet for Coromandel Fertilisers Ltd. [Published Able2Act - May 06 2008]
Fact Sheet for Cholamandalam D B S Finance Ltd [Published Able2Act - May 06 2008]
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Apax Partners backs Chola [Published PE Hub Blog - Jul 28 2014]
Apax Partners is investing INR 5 billion ($84 million) in Cholamandalam Investment and Finance Company Limited . Chola was incorporated in 1978 as the financial services arm of the Murugappa Group . PRESS RELEASE On 26 July, 2014, the Board of ...
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