Tube Investments Ltd ~ Diversified Engineering Company

Press Release by CG Power on BSE

CG inaugurates new Motor manufacturing facility “Smart LV Motors” at Ahmednagar

Mr. Vellayan Subbiah, Chairman CG Power and Industrial Solutions Limited inaugurated the
state-of-the-art facility at Ahmednagar in Maharashtra on 21st December, to manufacture
next generation smart Motors.
This is the 7th manufacturing facility of the company in Ahmednagar which is spread over an
area of 4200 sq. mtr. and is equipped with latest world class equipment and machineries.
The new facility will manufacture Smart Electric Motors from 75 kW to 1000 kW. It will cater
to the increased demand of domestic and global market and will help CG to gain greater
market share for higher range of LV Motors.
Speaking on the occasion Chairman- Mr. Vellayan Subbiah said, “The new plant is a
testimony of the company’s commitment towards Make in India initiative and deliver to its
customers world class products at affordable price. This plant will keep India ahead of the
curve in Motor technology.

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Q3 Results

  • YoY PAT up 2.6 times, 68% QoQ.
  • Revenue growth QoQ at ~4.5%.

Seems like a good performance for the quarter, particularly with respect to the CG Power side.

Another impressive interview of TI’s MD

Disc: Invested in both TI and CG

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A recent brokerage report by Geojit suggests that management is targeting 5000 Cr sales and 500 Cr PBT for CG. Is this per quarter?

In other news TI has been approved under the auto and component PLI scheme.

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Tube Investments of India Ltd (TII) has diversified into the electronics components space by picking up 76% stake in Moshine Electronics Private Ltd (MEPL), a manufacturer of camera modules for mobile phones, in an all-cash deal for ₹8.64 crore.
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The three-year-old MEPL had reported a revenue of ₹21 crore in FY21

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TUBE INVESTMENT has now become a behemoth with own business and investments across many other listed companies like CG POWER ,SHANTHI GEARS

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https://www.business-standard.com/article/companies/tube-investments-of-india-acquires-50-stake-in-x2fuels-and-energy-122112401310_1.html

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