APL Apollo Tubes concludes 100% acquisition of Blue Ocean Projects

APL Apollo Tubes Ltd. | Steel & Iron Products | Metals & Mining | BSE: 533758 | NSE: APLAPOLLO

17 Jan 2017 Evaluate

APL Apollo Tubes, India’s leading branded steel tubes manufacturer in the Building Materials space, has completed the acquisition of Blue Ocean Projects by acquiring all the shares (100%) of Blue Ocean Projects on January 14, 2017. Consequently, Blue Ocean Projects has now become a wholly owned subsidiary of the company with effect from January 14, 2017.

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	1261.00
Tata Steel	186.00
Steel Authority	184.45
Jindal Stainless	745.30
APL Apollo Tubes	2200.00
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