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APL Apollo Tubes to acquire plant for Rs 70 crore

15 Apr 2019 Evaluate

APL Apollo Tubes will acquire assets of production unit located at Chegunta, Hyderabad, one of the unit of Taurus Value Steel & Pipes. The acquisition will result in higher volumes, better competitive strength and reduced freight cost. The consideration to be paid is cash payment of Rs 70 crore.

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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