TIINDIA

Feb 26 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• TUBE INVESTMENTS OF INDIA LTD - RECEIVES TAX ORDER IMPOSING PENALTY OF 9.5 MILLION RUPEES

Source text: ID:nBSE9BpZT5

Further company coverage: TBEI.NS

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Feb 3 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• DIVIDEND OF 2 RUPEES PER SHARE

• DEC-QUARTER CONSOL NET PROFIT 1.94 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 46.82 BILLION RUPEES

• APPROVES 1.7 BLN RUPEES CAPITAL INVESTMENT IN FINE BLANKING BUSINESS

Source text: [ID:]

Further company coverage: TBEI.NS

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Nov 27 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• TO ACQUIRE 67% STAKE IN KCALTECH SYSTEM INDIA FOR 620 MILLION RUPEES

Source text: ID:nBSE8wHngV

Further company coverage: TBEI.NS

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Nov 4 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• TUBE INVESTMENTS OF INDIA SEPT-QUARTER CONSOL NET PROFIT 2.07 BILLION RUPEES

• TUBE INVESTMENTS OF INDIA SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 47.83 BILLION RUPEES

Further company coverage: TBEI.NS

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Aug 1 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• JUNE-QUARTER CONSOL NET PROFIT 2.25 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 44.34 BILLION RUPEES

Further company coverage: TBEI.NS

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** Shares of engineering company Tube Investments TBEI.NS fall as much as 6.2% to 4,250 rupees

** Stock sees busiest day since Dec. 7, 2023

** Around 1 mln shares hands in a block deal at 4,306.40 rupees per share, as per LSEG data

** Deal was at a near 5% discount to Wednesday's closing price of 4,528.65 rupees

** TBEI falls after three straight sessions of gains

** Stock last down 5.4%, cutting YTD gains to 21%

(Reporting by Anisha Ajith in Bengaluru)

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** Shares of Tube Investments of India TBEI.NS up 2.4%

** Stock rose as much as 4.9% to a record high of 4,264.55 rupees earlier in the session

** The steel tubes and strips maker and its unit have signed a definitive agreement with South Asia Growth Invest III LLC and South Asia EBT Trust III for an additional investment of 1.60 bln rupees ($19.2 mln) through convertible preference shares

** TBEI on track for a fifth straight session of gains, if current trends hold

** Including session's gain, stock is up 17.6% YTD

($1 = 83.5525 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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June 11 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• TUBE INVESTMENTS OF INDIA LTD - CO, TL CLEAN MOBILITY ENTERED INTO DEFINITIVE AGREEMENT(S)

• TUBE INVESTMENTS OF INDIA - AGREEMENT FOR ADDITIONAL SUBSCRIPTION TOWARDS PREFERENCE SHARES FOR 1.6 BILLION RUPEES IN TL CLEAN MOBILITY

• TUBE INVESTMENTS OF INDIA LTD - ENTERED INTO DEFINITIVE AGREEMENT(S) WITH SOUTH ASIA GROWTH INVEST III LLC, SOUTH ASIA EBT TRUST III

• TUBE INVESTMENTS OF INDIA LTD - PROPOSED FUND RAISING BY TICMPL WILL HELP SCALE UP OPERATIONS OF TICMPL, UNITS

Source text for Eikon: ID:nBSE5gFxfx

Further company coverage: TBEI.NS

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June 5 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• CO, UNIT ENTERED INTO SECURITIES SUBSCRIPTION AGREEMENT WITH LUXEMBOURG SPECIALIST INVESTMENT FUND FCP-RAIF

• AGREEMENT FOR SUBSCRIPTION TOWARDS SHARES, COMPULSORILY CONVERTIBLE PREFERENCE SHARES IN TICMPL

• AGREEMENT FOR SUBSCRIPTION WORTH ABOUT 3.1 BILLION RUPEES

Source text for Eikon: ID:nBSE4KYD9Z

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May 6 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• TI CLEAN MOBILITY SIGNS DEFINITIVE DOCUMENTS FOR ADDITIONAL INVESTMENT

• TI CLEAN MOBILITY SIGNED DEFINITIVE DOCUMENTS TO RAISE CAPITAL OF ABOUT 5.80 BILLION RUPEES

Source text for Eikon: ID:nBSE1rGQwR

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BENGALURU, Feb 9 (Reuters) - CG Power and Industrial Solutions CGPO.NS said it has partnered with a unit of Japanese chipmaker Renesas Electronics 6723.T and Thailand's Stars Microelectronics SMT.BK to set up a semiconductor facility in India for $222 million.

The Indian heavy electrical equipment maker will form a joint venture (JV) with Renesas Electronics America and the Thai electronic parts maker to set up an outsourced semiconductor assembly and testing (OSAT) facility, it said late on Thursday.

An OSAT plant packages, assembles and tests foundry-made silicon wafers, turning them into finished semiconductor chips.

Renesas and Stars will hold 6.76% and 0.9% stakes, respectively, in the joint venture, while CG Power will own the majority 92.34% stake.

The deal comes at a time when India is aiming to kickstart domestic manufacturing of chips by doling out about $10 billion in incentives for the sector.

While the country does not yet have any semiconductor manufacturing plants, Taiwan's Foxconn 2317.TW and Indian oil-to-metals conglomerate Vedanta VDAN.NS are in the fray to make chips in India.

Shares of CG Power ended mostly flat on Friday.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Eileen Soreng)

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Feb 1 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• TUBE INVESTMENTS OF INDIA LTD- DIVIDEND 2 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: TBEI.NS

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** Shares of steel tubes manufacturer Tube Investments of IndiaTBEI.NS up 2.4% at 3414.75 rupees

** More than 1.2 mln shares of co changed hands in three block deals in price range of 3351.1 rupees and 3466 rupees - LSEG data

** Stock sees third busiest day of the year as of 3:00 p.m. IST, trading volumes at ~6x the 30-day avg

** Average rating of five analyst covering the stock is "buy," their median PT is 3,263 rupees - ~4.5% lower than the current price

** Stock up ~23% YTD; It had risen ~58% in 2022

(Reporitng by Nishit Navin in Bengaluru)

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Nov 28 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• UPDATE ON MERGER OF CELLESTIAL E-MOBILITY, CELLESTIAL E-TRAC WITH TL CLEAN MOBILITY

• MINISTRY OF CORPORATE AFFAIRS HAS APPROVED SCHEME OF AMALGAMATION

Source text for Eikon: ID:nBSE3YY8MK

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Oct 30 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• SEPT-QUARTER CONSOL NET PROFIT 2.63 BILLION RUPEES VERSUS 2.14 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 41.69 BILLION RUPEES VERSUS 36.27 BILLION RUPEES

• APPROVED ESTABLISHMENT OF STEEL TUBE MANUFACTURING FACILITY IN WESTERN INDIA FOR 2.11 BILLION RUPEES

Source text for Eikon: [ID:]

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Aug 3 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• JUNE-QUARTER CONSOL NET PROFIT 2.15 BILLION RUPEES VERSUS PROFIT 1.95 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 37.67 BILLION RUPEES VERSUS 36.33 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: TBEI.NS

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July 3 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• M/S. CELLESTIAL E-MOBILITY , M/S. CELLESTIAL E-TRAC AND M/S. TL CLEAN MOBILITY APPROVED SCHEME OF AMALGAMATION

Source text for Eikon: ID:nBSE9MSQZl

Further company coverage: TBEI.NS

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** Shares of engineering and manufacturing company Tube Investments of India TBEI.NS up 2%, hitting a record high

** Stock on track for a third consecutive session of gains

** Management expects EV-related businesses to get into commercialization phase in FY24, Motilal Oswal analysts say

** Brokerage expects engineering business to grow in double digits over next 2-3 years

** Keeps "buy" with PT of 3,560 rupees

** Of the 5 analysts tracking TBEI, 3 have "buy" or higher rating, one "strong sell" and one "hold;" median TP is 2,987 rupees - Refinitiv data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of engineering and manufacturing company Tube Investments of India Ltd TBEI.NS up as much as 6.2% to 2,809.95 rupees

** Stock sees biggest intraday pct gain since Feb 28

** Co on Monday reported a 74% rise in its consolidated net profit to 3.12 bln rupees ($38.15 mln) for the quarter ended on March 31

** Revenue from operations rose 12% to 36.56 billion rupees

** About 381,703 shares change hands, 1.4x the 30-day avg - Refinitiv Data

** Stock down 4.7% this year, as of last close

($1 = 81.7800 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

May 15 (Reuters) - Tube Investments of India Ltd TBEI.NS:

• TUBE INVESTMENTS OF INDIA MARCH-QUARTER CONSOL NET PROFIT 3.12 BILLION RUPEES VERSUS PROFIT 1.79 BILLION RUPEES

• TUBE INVESTMENTS OF INDIA MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 37.78 BILLION RUPEES VERSUS 33.93 BILLION RUPEES

• FINAL DIVIDEND 1.50 RUPEES PER SHARE

• APPROVED LONG-TERM BORROWING UP TO 3 BLN RUPEES TO MEET CO'S FUND REQUIREMENTS FOR FY23-24

Further company coverage: TBEI.NS

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April 20 (Reuters) - India's market regulator penalised two former auditors of CG Power and Industrial Solutions Ltd CGPO.NS on Thursday for rule violations, according to an order published on the regulator's website.

The Securities and Exchange Board of India (SEBI) levied a penalty of 500,000 rupees each on the auditors, Chaturvedi & Shah, and K. K. Mankeshwar & Co.

In its order, the regulator held that instead of working in the interest of the shareholders of CG Power, the auditors "facilitated the scheme of cleaning up the books of accounts of CG Power".

And that despite being aware of the irregularities and misstatements in the financial statements of CG Power, the auditors "certified the books as true and fair".

(Reporting by Jayshree P Upadhyay in Mumbai; Editing by Pooja Desai)

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