News

Tube Investments of India rises on eyeing to tap huge opportunity for electric tractors Tube Investments of India is currently trading at Rs. 3216.00, up by 74.15 points or 2.36% from its previous closing of Rs. 3141.85 on the BSE. The scrip opened at Rs. 3197.95 and has touched a high and low of Rs. 3233.70 and Rs. 3145.85 respectively. So far 6955 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3394.00 on 23-Jun-2023 and a 52 week low of Rs. 1958.60 on 11-Jul-2022. Last one week high and low of t...
Tube Investments of India rises on eyeing to tap huge opportunity for electric tractors
Tube Investments of India rises on eyeing to tap huge opportunity for electric tractors
Source: Accord Fintech
11/07/2023 3:49:11 PM
Murugappa`s TI Clean Mobility to raise Rs 1,050 crore, roll out 55-tonne truck Murugappa group’s electric vehicle (EV) arm TI Clean Mobility Private Limited (TICMPL) will roll out 55-tonne truck at its Manesar facility in Haryana and electric tractors out of its plant here, said top officials of parent company Tube Investments of India Ltd. “While our Montra Electric brand of E 3-wheelers for the passenger segment have already been launched in the market to a positive response from the users, the facilities for manufacturing E tractors for the agriculture...
Murugappa`s TI Clean Mobility to raise Rs 1,050 crore, roll out 55-tonne truck
Murugappa`s TI Clean Mobility to raise Rs 1,050 crore, roll out 55-tonne truck
Source: IANS
9/07/2023 8:51:04 AM
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23  In a fiscal of acquisitions and venturing into new areas, the city based conglomerate Murugappa Group had posed 35.8 per cent growth in turnover and 24 per cent growth in after tax profits. Last fiscal the group had announced investments of about Rs 648.9 crore for acquisitions and new ventures. According to the Murugappa Group, it had logged a turnover of Rs 74,220 crore (previous year Rs 54,648 crore) and a profit after tax of Rs 6,846 crore (Rs 5,520 crore). The Group has 29 bu...
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23
Source: IANS
3/07/2023 4:31:04 PM
Murugappa`s Tube Investments and Premji Invest to acquire Lotus Surgicals Continuing its acquisitive drive, the Murugappa group through its flagship company Tube Investments of India Ltd along with Premji Invest (through PI Opportunities Fund I Scheme II) has decided to acquire Lotus Surgicals Private Ltd. According to Tube Investments, Lotus Surgicals with a turnover of Rs 116 crore is into manufacturing and supply of surgical sutures and other medical devices. Tube Investments and Premji Invest will acquire Lotus Surgicals from India Medical Consumables Hol...
Murugappa`s Tube Investments and Premji Invest to acquire Lotus Surgicals
Murugappa`s Tube Investments and Premji Invest to acquire Lotus Surgicals
Source: IANS
26/03/2023 9:20:14 AM
Murugappa group`s Tube Investments to enter pharma business Conglomerate and acquisitive Murugappa group is entering the pharmaceutical business through its listed Tube Investments of India Ltd at an outlay up to Rs 285 crore. According to Tube Investments, the company has signed an agreement with N.Govindarajan, an experienced industry professional to float a subsidiary. As per the agreement, Tube Investments will invest up to Rs 285 crore in the proposed contract development and manufacturing operations (CDMO) and active pharmaceutical ingredi...
Murugappa group`s Tube Investments to enter pharma business
Murugappa group`s Tube Investments to enter pharma business
Source: IANS
14/03/2023 2:35:52 PM
Cholamandalam Investment, Aptus Value deny M&A talks Conglomerate and acquisitive Murugappa Group's Cholamandalam Investment and Finance Company Ltd on Thursday denied it is interested in Aptus Value Housing Finance India Ltd. In a statement, Cholamandalam Investment referring to a news report that said the company is interested in management control of the home finance company said: "We wish to clarify that Chola has not expressed any interest either in the past or present in acquiring Aptus Value Housing Finance India Ltd." ...
Cholamandalam Investment, Aptus Value deny M&A talks
Cholamandalam Investment, Aptus Value deny M&A talks
Source: IANS
9/03/2023 12:11:11 PM
TI Clean Mobility buys balance 30% in Electric tractor company Cellestial for Rs 50.94 cr  Electric Vehicle (EV) player and Murugappa Group's TI Clean Mobility Private Ltd has agreed to buy the balance 30.04 per cent stake in Cellestial E-Mobility Private Ltd for Rs.50.94 crore. Cellestial is a startup engaged in design and development of electric tractors. TI Clean Mobility holds 69.96 per cent in Cellestial. The paid up capital of Cellestial is Rs 20.25 lakh, and it logged revenue of Rs 65.58 lakh as on December 31, 2022. "The acquisition of the remaining ...
TI Clean Mobility buys balance 30% in Electric tractor company Cellestial for Rs 50.94 cr
TI Clean Mobility buys balance 30% in Electric tractor company Cellestial for Rs 50.94 cr
Source: IANS
28/01/2023 9:43:33 AM
CG Power to expand transformer production, posts PAT of Rs 126 cr for Q3 The Murugappa Group company, CG Power and Industrial Solutions Limited will expand its power transformers and distribution transformer units at an outlay of Rs 126 crore. The company closed the third quarter of FY23 with a net profit of Rs 242.75 crore down from Rs 359.61 crore logged during the previous year corresponding period. In a regulatory filing, the company said its Board had approved thean investment of Rs 126 crore to expand the power transformers and distribution transformer...
CG Power to expand transformer production, posts PAT of Rs 126 cr for Q3
CG Power to expand transformer production, posts PAT of Rs 126 cr for Q3
Source: IANS
24/01/2023 2:26:24 PM
Murugappa Group to acquire majority stake in electric truck maker for Rs 246 cr Continuing its acquisition spree of last year, Chennai-based industrial conglomerate Murugappa Group began this fiscal with the acquisition of majority stake in an electric truck maker for Rs 246 crore. Murugappa Group's electric vehicle company TI Clean Mobility Private Ltd has inked an agreement to acquire 62.5 per cent stake in IPLTech Private Ltd. With this, TI Clean Mobility plans to add electric trucks to its existing portfolio of electric three wheelers and tractors. TI Cl...
Murugappa Group to acquire majority stake in electric truck maker for Rs 246 cr
Murugappa Group to acquire majority stake in electric truck maker for Rs 246 cr
Source: IANS
19/07/2022 8:02:02 PM
Key News - L&T Infotech Ltd, Murugappa Group, FMCG, Bharti Airtel Ltd, Welspun Corp Ltd, Shapoorji Pallonji Group By ARETE Securities Key News L&T Infotech Q1 Results | Net profit rises 28% YoY to Rs 633 crore L&T Infotech on July 14 reported a consolidated profit after tax (PAT) of Rs 633.50 crore for the quarter ended June 2022, up 27.64 percent from Rs 496.30 crore a year back. On a sequential basis, profit for the quarter was almost flat compared to the reported profit of Rs 637 crore in the March quarter. Consolidated revenue from operations came in higher by 30.62 percent at Rs 4,522.8 crore for the q...
Key News - L&T Infotech Ltd, Murugappa Group, FMCG, Bharti Airtel Ltd, Welspun Corp Ltd, Shapoorji Pallonji Group By ARETE Securities
Key News - L&T Infotech Ltd, Murugappa Group, FMCG, Bharti Airtel Ltd, Welspun Corp Ltd, Shapoorji Pallonji Group By ARETE Securities
Source: ARETE Securities Ltd
15/07/2022 9:22:11 AM
Key News - Coal India Ltd, Larsen & Toubro Ltd, Indian Oil Corporation Ltd, Nomura Singapore Ltd, Murugappa Group, Mercedes Benz By ARETE Securities Key News Coal India's capex rises 65% to Rs 3,034 crore in June quater of FY23 Coal India on Monday said its capital expenditure increased 64.8 per cent to Rs 3,034 crore in June quarter 2022-23, driven by strong spend in acquiring land and strengthening transport infrastructure in its coalfields under firstmile connectivity projects. Coal India's capital expenditure was Rs 1,841 crore in April-June period of last financial year.   L&T Construction bags orders ...
Key News - Coal India Ltd, Larsen & Toubro Ltd, Indian Oil Corporation Ltd, Nomura Singapore Ltd, Murugappa Group, Mercedes Benz By ARETE Securities
Key News - Coal India Ltd, Larsen & Toubro Ltd, Indian Oil Corporation Ltd, Nomura Singapore Ltd, Murugappa Group, Mercedes Benz By ARETE Securities
Source: ARETE Securities Ltd
12/07/2022 9:52:48 AM
Global and domestic acquisitions marked FY22 for Murugappa Group The FY22 for the Rs 54,722 crore Murugappa group was marked by several acquisitions, global and domestic, the group said on Thursday. The Group's, the abrasives major Carborundum Universal Ltd (CUMI) bought 71.99 per cent stake for Rs.115 crore in PLUSS Advanced Technologies engaged in the field of phase change materials for thermal energy storage. The company also bought the assets from the Insolvency Administrator of AWUKO ABRASIVES Wandmacher GmbH & Co. KG, Germany (AWUKO) fo...
Global and domestic acquisitions marked FY22 for Murugappa Group
Global and domestic acquisitions marked FY22 for Murugappa Group
Source: IANS
30/06/2022 2:53:12 PM
Coromandel International to acquire 45% stake in Senegal rock phosphate mining firm Murugappa Group's Coromandel International Ltd will acquire 45 per cent stake in the Senegal-based Baobab Mining and Chemicals Corporation (BMCC), a rock phosphate mining company. According to Coromandel International, the acquisition will be at an outlay of $19.6 million (about Rs 150 crore) and it will also provide a loan of $9.7 million (about Rs 75 crore). The acquisition is happening through its wholly-owned subsidiary Parry Chemicals Ltd. The transaction is expected to be c...
Coromandel International to acquire 45% stake in Senegal rock phosphate mining firm
Coromandel International to acquire 45% stake in Senegal rock phosphate mining firm
Source: IANS
7/05/2022 9:53:23 AM
Tube Investments to buy electric tractor maker Cellestial for Rs 161 cr Diversified products company Tube Investments of India Ltd, a part of the Rs 417 billion Murugappa group, has agreed to acquire electric tractor maker Cellestial E-Mobility Private Ltd for Rs 161 crore. According to Tube Investments, in an all-cash transaction, the company will pay Rs 161 crore for the acquisition of 70 per cent stake in Cellestial with each Rs 10 share of the latter valued at Rs 11,356. Cellestial is a startup entity engaged in design and manufacture of electric tracto...
Tube Investments to buy electric tractor maker Cellestial for Rs 161 cr
Tube Investments to buy electric tractor maker Cellestial for Rs 161 cr
Source: IANS
24/01/2022 5:41:32 PM
Tube Investments posts Rs 121 crore net profit for Q2 Diversified products company Tube Investments of India Ltd, part of the Murugappa group, on Wednesday said it closed the second quarter with a net profit of Rs 121.42 crore. In a regulatory filing, Tube Investments said it had logged a net profit of Rs 121.42 crore and a total income of Rs 1,676.35 crore for the second quarter. For the previous year's corresponding period, the company had earned a net profit of Rs 95.93 crore on a total income of Rs 1,094.93 crore. Tube Investmen...
Tube Investments posts Rs 121 crore net profit for Q2
Tube Investments posts Rs 121 crore net profit for Q2
Source: IANS
28/10/2021 9:28:47 AM