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| Exchange Disseminated Time 06/02/2017 17:20:17 | Tube Investments of India Ltd has informed BSE that at the meeting held on February 06, 2017, the Board of Directors of the Company have approved the following:
1. Declaration of Interim Dividend:
Payment of an Interim Dividend at Rs. 1.25/- (Rupee One and paise twenty five only) per equity share of the face value of Rs. 2/- each of the Company for the financial year ending March 31, 2017.
The Interim Dividend will be paid on February 24, 2017.
2. Setting up of a greenfield tube manufacturing plant at Rajpura, Punjab:
The Board of Directors approved the proposal for setting up of a greenfield project for manufacturing Cold Rolled Welded (CDW) tubes at Sandharsi Village of Rajpura Tehsil, Patiala District, Punjab as part of the long-term strategy aimed at capability enhancement and regional balancing, at an estimated capital expenditure of about Rs. 77 Cr.
The Board meeting commenced at 11.30 A.M. and concluded at 4.55 P.M. |
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