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APL Apollo Tubes to raise Rs 50 crore through NCDs

29 Mar 2017 Evaluate

APL Apollo Tubes has received an approval to allot 500 secured redeemable non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating to Rs 50 crore. The Finance Committee of Board of Directors of the Company in its meeting held on March 29, 2017 has approved for the same.

APL Apollo is the fastest growing steel tube manufacturer in India and has attained pole position in this category. The company is headquartered in Delhi NCR and has six manufacturing facilities.

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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