Tube Investments of India Ltd announced the acquisition of up to Orange Koi for ₹730 million, marking a strategic entry into the metal injection molding (MIM) business. The move strengthens its advanced manufacturing capabilities, diversifies product offerings, and positions the company to tap into high-growth sectors requiring precision engineering solutions.
Tube Investments of India Ltd (TII), part of the Murugappa Group, has unveiled a significant expansion initiative with the acquisition of Orange Koi for ₹730 million. This strategic investment marks TII’s entry into the metal injection molding (MIM) business, a high-precision manufacturing segment catering to automotive, aerospace, medical devices, and consumer electronics industries.
The acquisition aligns with TII’s long-term vision of diversifying into advanced engineering solutions and strengthening its innovation-led portfolio. Industry experts view this move as a step toward capturing new growth opportunities in sectors demanding lightweight, durable, and precision-engineered components.
Key Highlights:
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Acquisition Value: Up to ₹730 million invested in Orange Koi.
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New Business Entry: Strategic foray into metal injection molding.
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Sectoral Reach: Applications across automotive, aerospace, medical, and electronics.
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Growth Strategy: Diversification into advanced manufacturing solutions.
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Market Outlook: Strengthens TII’s competitive edge in precision engineering.
This acquisition underscores Tube Investments of India’s commitment to innovation, diversification, and sustainable growth, reinforcing its position as a leading player in India’s industrial and engineering landscape.
Sources: Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Economic Times, Mint