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.