Tube Investments of India approves ₹83 crore CRSS capacity expansion at Avadi

Tube Investments of India (NSE: TIINDIA) has approved a capital expenditure proposal of not exceeding ₹83 crore for capacity enhancement at its Cold Rolled Steel Strips facility at Avadi, it said in a filing on 05 Nov 2026. The company says the project is to meet increased demand and will be funded primarily through internal accrual.

Key highlights

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The capacity expansion in numbers

Scope and funding of the project

The Board of Tube Investments of India approved on 05 Nov 2026 a capital expenditure proposal not exceeding ₹83 crore for capacity enhancement in the existing CRSS manufacturing facility at Avadi. The company says the enhancement is to meet an increase in demand.

The company says the project will be primarily funded through internal accrual. It expects the project to be completed in FY 2027-28, with the timing of spending within the project not given in the filing.

Capacity gain is not yet quantified

The company says the exact enhancement in manufacturing capacity cannot be determined at this stage, because the outcome depends on the product mix. The filing therefore gives a spending ceiling and a completion year, but no tonnage or percentage increase for the plant.

What the CRSS expansion means for Tube Investments of India's shareholders

The company is committing up to ₹83 crore to one existing plant, to be funded mainly from internal accrual. At the company's market value of ₹43,570 crore, the ceiling is about 0.2% of that value.

The filing does not say how much capacity will be added, what revenue or margin effect the project will have, or how spending will be phased within FY 2027-28. The next dated step is completion, expected in FY 2027-28.