APL Apollo Tubes has received an approval for the acquisition of a 200,000 MTPA tube manufacturing unit located at Hyderabad, one of the unit of Taurus Value Steel & Pipes, a subsidiary of Shankara Building Products. The plant complements the company’s existing operations in Bengaluru and Hosur and will boaster the company’s manufacturing capacity to 2.3 million MTPA, thereby strengthening APL Apollo’s leadership position in the domestic and global markets. The Board of Directors of the company have approved the same.
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.
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