Tube Investments is planning to build a new precision steel tube manufacturing facility in Western India.
This facility will help them expand their capabilities and better serve their customers in different regions. The new facility is intended to produce various types of steel tube products, but the exact manufacturing capacity is not determined yet.
The estimated cost of this project is Rs. 211 Crores, and they plan to fund it mainly through their own earnings (internal accrual).
They anticipate completing this project during the fiscal year 2024-25.