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APL Apollo Tubes to form JV with One to One Holdings

11 Sep 2017 Evaluate

APL Apollo Tubes has received an approval to enter into a Joint Venture Agreement with One to One Holdings (a Holding Company of Daiwa Steel Tube Industries, incorporated in Japan), for manufacturing of in-line galvanized tubes, by incorporating a new Indian Private Company with investment upto Rs 75 crore. The Board of Directors of the Company at their meeting held on September 09, 2017 has approved the same.

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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