Tube Investment of India (TII) is a flagship company of Murugappa group. It is one of the leading product manufacturers for major industries such as Automotive, Railway, Construction, Mining, etc. TIIs strategy to de-risk from the auto sector (Revenue mix of 70%) and concentrate more on industrial segments through acquisitions or inorganic growth, to support long term revenue visibility. Acquisition of CG Industrial & Power Co, which provides power and industrial system related service in India, and abroad will...