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APL Apollo Tubes to set-up Rs 75 crore manufacturing unit in Chhattisgarh

07 May 2016 Evaluate

APL Apollo Tubes is setting up a new unit at Raipur, Chhattisgarh with total capital outlay up to Rs 75 crore. The plant will manufacture galvanized steel tubes, hollow section and galvanized sheets having a total capacity of 60,000 MTPA. This step has been taken as part of the company’s expansion plans and in order to meet the growing demand of its products.

The company has also signed the MOU with Government of Chhattisgarh, in this regard and unit is likely to commence the operations by the first quarter of next financial year, FY2017-18.

APL Apollo Tubes is a leading manufacturer and exporter of Steel Pipes & Tubes, Aluminised Steel Tubes, Black Steel Tubes, Hot Dipped & Pre Galvanised Steel Tubes, Fence Tubes and Structural Steel.



Peers
Company Name CMP
JSW Steel 1236.20
Tata Steel 173.90
Steel Authority 168.65
Jindal Stainless 733.95
APL Apollo Tubes 2155.00
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