Tube Investments of India Plans Rs 600–700 Crore Capex in FY27
Tube Investments of India (TII) plans Rs 600–700 crore capex in the current fiscal, excluding CG Power, with Rs 350 crore already announced. Management expects operating margins to fully recover in coming quarters despite higher raw-material costs and a lagged steel price pass-through. Q1 FY27 net profit fell 15% to Rs 168.60 crore, while revenue rose to Rs 6,038.11 crore, led by record EV revenue and higher vehicle volumes.