Tube Investments of India Limited’s Board of Directors met on November 5, 2026, approving the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company also greenlit a capital expenditure proposal of up to ₹83 crore for capacity enhancement in its engineering division’s Cold Rolled Steel Strips (CRSS) manufacturing facility at Avadi.
Financial Results and Capacity Expansion Approved
Tube Investments of India Limited announced today, November 5, 2026, that its Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results, along with the Limited Review Reports from the Statutory Auditors, M/s. Price Waterhouse Chartered Accountants LLP, have been enclosed and uploaded on the company’s website.
Capacity Enhancement in Engineering Division
In a significant move to meet increasing demand, the Board has also approved a capital expenditure proposal not exceeding ₹83 crore. This investment will be utilized for the capacity enhancement of the existing manufacturing facility for Cold Rolled Steel Strips (CRSS) located at Avadi. The project is expected to be funded primarily through internal accruals and is slated for completion in FY 2027-28. The exact enhancement in manufacturing capacity is subject to the product mix, making it difficult to determine at this stage.
Board Meeting Details
The Board meeting commenced at 11:40 A.M. and concluded at 1:05 P.M. on the same day.
Source: BSE
