Tube Investments of India Limited at the SBM, the board has approved the establishment of a greenfield precision steel tube manufacturing facility in Western India at an estimated cost of INR 2,110 million. The project will be primarily funded through internal accrual and is expected to be completed in Fiscal Year 2024-25. The greenfield facility is proposed to be established to manufacture multiple range of products and hence the manufacturing capacity, as such, cannot be ascertained at this stage.
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- Tube Investments of India Limited Approves the Establishment of Greenfield Precision Steel Tube Manufacturing Facility in Western India