Tirupati Industries (India) announced that the company will invest Rs 1.50 billion over the next three years in the company's fast expanding chemicals division with the aim of becoming India's largest fully integrated metallic compounds manufacturer.

In its specialty chemicals (metallic compounds) segment, the company is a prominent player with product from a composite range of metals like Molybdenum, Bismuth, Cobalt, Cadmium, Nickel, Tungsten, Selenium, silver and Manganese.

Shares of the company gained Rs 1.5, or 2.91%, to trade at Rs 53.00. The total volume of shares traded was 105,470 at the BSE (1.36 p.m., Wednesday).