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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 1236.20
Tata Steel 173.90
Steel Authority 168.65
Jindal Stainless 733.95
APL Apollo Tubes 2155.00
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