Board of Tube Investments of India approves capex of Rs 83 cr for capacity expansion

The board of Tube Investments of India at its meeting held on 05 November 2026 has approved a capital expenditure proposal not exceeding Rs. 83 crore towards the capacity enhancement in the existing manufacturing facility of Cold Rolled Steel Strips (CRSS) at Avadi to meet increase in demand. The project will be primarily funded through internal accrual and is expected to be completed in FY 2027-28. Since actual enhancement in the capacity depends on different product mix, the exact enhancement in manufacturing capacity cannot be determined at this stage.