Chennai, 28 October 2014: Tube Investments of India (TII), part of the INR 24300 crores Murugappa Group, announced today that the Large Diameter Tubes manufacturing plant at Tiruttani will be formally inaugurated on Thursday 30 October 2014. This has been built with a capital expenditure of Rs 250 crores and with an installed capacity of 11,000 tonnes per month. This plant will address the requirements of the infrastructure sector, like hydraulic cylinders, propeller shafts and other large-diameter-tube applications that are currently being served through imports.
Speaking on the occasion, TII Managing Director Mr L Ramkumar said “With the operation of this state-of-the-art plant we would be able to serve the needs of the off road vehicle and construction industries.”
The Large Diameter Tube plant has been set up with the approval under the Single Window Clearance system of the Government of Tamil Nadu. It has been designed as a world-class layout with a streamlined process flow. Built over 63 acres of land outside Tiruttani town, the highly-automated plant has machines from Germany, Italy and Japan. The product range encompasses a wide variety of CDW (Cold Drawn Welded) and ERW (Electric Resistance Welding) tubes with a diameter range of 60mm to 180 mm and thickness from 4mm to 12.7mm. The products will address applications such as hydraulic cylinders used for earthmoving and construction machinery, propeller shafts for high payload vehicles and rear axle tubes for Utility vehicles, Structural applications (for Airports, Stadia, Industrial sheds and other large buildings / public utilities), automotive chassis applications etc.
About Murugappa Group
Founded in 1900, the INR 243 Billion Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including ten listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Sabero Organics Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.
Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees.
Caution Notice
The public is hereby cautioned that it has been brought to our notice that certain unscrupulous persons/agencies are issuing fake sanction letters to customers and getting their signatures in fake loan agreements purporting to be a loan sanction letter & loan agreement of Murugappa Group and such persons /agencies are attempting to extort money by demanding security deposit/processing fee/insurance fee from the gullible customers for processing the required loan etc. In the aforesaid documents, those unscrupulous persons/agencies are also using the registered logo and name of Murugappa Group against law with intent to gain wrongfully by using the goodwill and reputation of the Group.
Please be informed that Murugappa Group is not a separate legal entity and never requires any customers to pay any advance money or deposit for loan sanctioning. Public is cautioned not to rely or act on any such fraudulent sanction/offer made in the name of Murugappa Group without verifying the authenticity of the contents.
Customers who are interested in availing loans may directly contact any of the nearest branch of Cholamandalam Investment and Finance Company Limited (Cholamandalam) a constituent of our group for further details or get in touch with us at 1800 200 4565 or alternatively email at customercare@chola.murugappa.com, or SMS at 9500000312.
MURUGAPPA GROUP