Tube Investments of India (TII), part of the Murugappa Group, will invest Rs 170 crore in expanding its fine blanking business through greenfield and brownfield projects.

A new facility will be established in western India, while the pans also includes exapnding existing capacity in southern India.

The project, funded through internal accruals, is expected to be completed by FY26.

The company is a key player in fine blanking under its metal-formed products division, which has witnessed good performance. 

It manufactures fine blanked components for two-wheelers and four-wheelers and other industrial segments for varied applications.