Murugappa Group proposes to pump in Rs 700 crore each year in its group
companies.
As per sources, major investment will be in Coromandel International (CIL)
and Tube Investments of India (TII).
The group is likely to raise the capacity of CIL from the current 3.2 to 4.2
million tpa with an investment of Rs 300-350 crore. On the other hand, it will
invest Rs 200-250 crore in the engineering business mainly in TI Metal Forming.