Tube Investment of India (TUBEINVEST), a part of the Chennai based Murugappa
Group is planning to set up a manufacturing facility in Uttarakhand.
The newly planned facility is expected to manufacture railway wagons at an
investment of Rs 85 crore. TUBEINVEST’s board has reportedly approved an
investment of Rs 30 crore, of which Rs 9 crore has already been investment.
Besides, the company has planned an outlay of Rs 145 crore for creating
capacities during 2009. Apart from the wagon plant, it will put up a facility at
Sanand, Gujarat, to make door frames for the Tata Nano.