APL Apollo Tubes Limited (APL Apollo), India's leading branded steel tubes manufacturer, announced the launch of its new brand 'Apollo Coastguard', thus marking a revolutionary change in the world of galvanized steel pipes. The Apollo Coastguard pipes are made of special galvanized steel to provide excellent corrosion resistance against wind, water and road salts, making them 100% rust proof pipes to last for generations. The rich inner coating of Zinc will help protect against the interior rusting of pipes, while continuous 120 GSM hot dip galvanized coating will enhance the life of these steel pipes providing durability and strength.
Commenting on the launch, Mr. Sharad Mahendra, Director Sales & Marketing said, "The launch of our new brand Apollo Coastguard is a reflection of APL Apollo Tubes Limited upholding its position as the leading branded steel tubes manufacturer in India and among the top 10 players, globally. With the Company holding a major chunk of market share, our journey has been about innovation and progressive thinking."
The coastal market has been seeing a significant growth in the consumption of Galvanized steel pipes. The pipes are primarily used for the purpose of roofing structures that provide shelter from rains and sunlight. APL Apollo is also working very closely with the Fabricators and Structural engineers in the coastal regions to understand specific requirements of the end customer and providing best solutions. The integrated approach of the organization has helped in reinventing itself through diverse initiatives.
The Company created a portfolio of innovative products such as hot dipped galvanized, pre-galvanized, electric resistance welded black and hollow sections across dimensions. It has invested in technology to enhance efficiency and quality, customized product applications across sectors by introducing the Direct Forming Technology (DFT) dedicated to the forming of universal hollo shapes to fit the customer's specific requirement.
Shares of APL APOLLO TUBES LTD. was last trading in BSE at Rs.1217 as compared to the previous close of Rs. 1217.9. The total number of shares traded during the day was 1130 in over 109 trades.
The stock hit an intraday high of Rs. 1238 and intraday low of 1205. The net turnover during the day was Rs. 1380992.