Apollo Tricoat Tubes shines on starting commercial production of ILG pipes in Karnataka

Apollo Tricoat Tubes Ltd. - (Amalgamted) | Steel & Iron Products | Metals & Mining | BSE: 538566 | NSE:

07 Mar 2019 Evaluate

Apollo Tricoat Tubes is currently trading at Rs. 140.00, up by 3.95 points or 2.90% from its previous closing of Rs. 136.05 on the BSE.

The scrip opened at Rs. 139.50 and has touched a high and low of Rs. 143.75 and Rs. 138.00 respectively. So far 30389 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 191.00 on 27-Apr-2018 and a 52 week low of Rs. 107.00 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 143.75 and Rs. 128.25 respectively. The current market cap of the company is Rs. 387.80 crore.

The promoters holding in the company stood at 49.18%, while Institutions and Non-Institutions held 0.41% and 50.41% respectively.

Apollo Tricoat Tubes has started commercial production of In-line Galvanizmg (ILG) pipes at its manufacturing facility at Malur, in state of Karnataka. The state-of-the-art manufacturing facility will have an installed capacity of 75,000 MTPA. The Tricoat tubes, unique to the Indian markets, are made through the latest calvant technology.

These ILG pipes are eco-friendly and are used as a substitute of PVC electrical Conduit Pipes. The ILG Pipes will help the company to create and capture a niche market of high margin coated tubes in India and will further address a huge latent demand in the country, in the longer-term.

Apollo Tricoat Tubes (Formerly known as Best Steel Logistics) started the business of marketing and distribution of steel products like TMT bars, rolled products, billets, ingots and steel pipe and tubes successfully.

Apollo Tricoat Tubes Share Price

1059.75 0.00 (0.00%)

02-Nov-2022 18:01 View Price Chart

Peers

Company Name	CMP
Tata Steel	214.45
JSW Steel	1277.70
SAIL	184.80
Jindal Stainless	755.10
APL Apollo Tubes	1948.80
View more..

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