APL Apollo Tubes to acquire plant for Rs 70 crore
15th Apr 2019

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.