MoneyWorks4Me

APL Apollo Tubes’ arm granted Incentives of Rs 500 crore by Government of Chhattisgarh

11 Jul 2023 Evaluate

APL Apollo Tubes’ wholly owned subsidiary -- APL Apollo Building Products has been granted Incentives of Rs 500 crore by State Investment Promotion Board (SIPB), Government of Chhattisgarh under the heads of Relaxation of Stamp duty; 75% Net SGST for 15 years; Electricity duty exemption for a period of 15 years Limited and; Transport subsidy towards exports for 15 years. The said mentioned incentives are granted for establishment of manufacturing facility by APL Apollo Building Products at Rigni Village, Tahsil - Simga, Baloda Bazar District in Chhattisgarh State.

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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