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APL Apollo Tubes to merge Lloyds Line Pipes with itself

01 Oct 2013 Evaluate

APL Apollo Tubes, a leading manufacturer and exporter of steel pipes and tubes, has received an approval for scheme of merger of Lloyds Line Pipes, a subsidiary of the company with itself. The board of director at its meeting held on September 30, 2013 has approved for the same.

APL Apollo is one of the largest ERW pipe manufacturers in India with 5 manufacturing locations spreading in northern, southern and western part inter-alia provide ability to produce the largest range of Hollow Sections and Mild Steel Tubes in all variants (black, galvanised and pregalvanised). Among the user industries are urban infrastructure namely airports, metro stations, automotive segment like bus body manufacturers, construction namely scaffoldings, etc.

Peers
Company Name CMP
JSW Steel 1308.00
Tata Steel 185.95
Steel Authority 184.00
Jindal Stainless 762.35
APL Apollo Tubes 2198.00
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