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Tube Investments of India Ltd News

Tata Motors, IndusInd Bank, Axis Bank, Jio Fin, others hit 52-week lows

Shares of MRF, Astral, 3M India, Adani Wilmar, Godrej Properties, IDFC First Bank, Star Healthcare, Sona BLW and Procter & Gamble Hygiene from the BSE 200 index hit 52-week lows

Tata Motors, IndusInd Bank, Axis Bank, Jio Fin, others hit 52-week lows
Updated On : 27 Jan 2025 | 12:18 PM IST

Tube Investments to get 67% stake in Kcaltech System India for Rs 62 cr

Murugappa Group firm Tube Investments of India Ltd on Thursday said it will acquire a 67 per cent equity stake in the Indian arm of South Korea's KC Altech Co Ltd for Rs 62 crore. The company has executed a definitive agreement for subscription of a 67 per cent equity stake in Kcaltech System India Pvt Ltd (KCAL India), a subsidiary of KC Altech Co Ltd, the Tube Investments of India (TII) said in a statement. "This strategic acquisition will enable TII to strengthen its position in the growing automotive sector, particularly in the domain of aluminium tubes and parts used in heating, ventilation, and air conditioning (HVAC) systems for automobiles," it added. The proposed investment will support KCAL India's expansion plans, including increasing its manufacturing capabilities, the company added. The acquisition will be carried out "by way of subscription to fresh equity shares for a consideration of about Rs 62 crore", TII said in a regulatory filing. The acquisition is expected t

Tube Investments to get 67% stake in Kcaltech System India for Rs 62 cr
Updated On : 28 Nov 2024 | 2:49 PM IST

Tube Investments rises 7% on acquiring 67% stake in Kcaltech for Rs 62 cr

Tube Investments proposes to acquire 2,24,08,313 equity shares of Kcaltech representing 67 per cent of its equity share capital

Tube Investments rises 7% on acquiring 67% stake in Kcaltech for Rs 62 cr
Updated On : 28 Nov 2024 | 1:05 PM IST

Tube Investment down 5% as Q2 profit declines 14%, expenses rise 18%

The engineering division of Tube investment clocked a revenue of Rs 1,323 crore compared to Rs 1,274 crore in the corresponding period in the preceding fiscal

Tube Investment down 5% as Q2 profit declines 14%, expenses rise 18%
Updated On : 05 Nov 2024 | 11:04 AM IST

Tube Investments Q2 results: Net profit down 13.6% at Rs 299.17 crore

Murugappa group firm Tube Investments of India Ltd on Monday reported a 13.6 per cent decline in consolidated net profit at Rs 299.17 crore in the September 2024 quarter, hit by higher expenses. The company posted a consolidated net profit of Rs 346.19 crore in the same quarter last fiscal, Tube Investments of India Ltd (TIIL) said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 4,782.51 crore compared to Rs 4,169.26 crore in the year-ago period, it added. Total expenses in the second quarter were higher at Rs 4,569.19 crore against Rs 3,868.46 crore a year ago. On a standalone basis, revenue in Q2 stood at Rs 2,065 crore from Rs 1,970 crore in the same period of the previous year, it said. In the second quarter, the engineering division clocked a revenue of Rs 1,323 crore compared to Rs 1,274 crore in the corresponding period in the preceding fiscal. Metal-formed products revenue was higher at Rs 404 crore, up from Rs 400 cror

Tube Investments Q2 results: Net profit down 13.6% at Rs 299.17 crore
Updated On : 04 Nov 2024 | 4:39 PM IST

Tube Investments, HDFC Life; top stock picks by Rajesh Bhosale of Angel One

HDFC Life had already shown a bullish breakout on the weekly chart but consolidated within a rangedue to subdued market conditions

Tube Investments, HDFC Life; top stock picks by Rajesh Bhosale of Angel One
Updated On : 21 Oct 2024 | 7:19 AM IST