Article: India: Murugappa group to invest USD 118.49 million in group firms.

Byline: rakshali03

The Chennai-based Murugappa grorup, which crossed Rs 15,500 crore (USD 3.13 billion) in turnover, is planning to invest Rs 586 crore (USD 118.49 million) in 2009-10 through its group companies.

Speaking to reporters today at Chennai A Vellayan, vice chairman, Murugappa Group said that the the company had invested Rs 850 crore (USD 171.61 million) in 2008-09 and planning to invest Rs 586 crore (USD 118.49 million) in 2009-10.

The proposed investment include Rs 146 crore (USD 29.539 million) in Tube Investments of India (TII) which in turn will invest in setting up a metal forming manufacturing unit at Uttarakhand with an ...

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