The Office of the Controller General of Patents, Designs & Trademarks has recently granted six registrations to the innovative products of APL Apollo Tubes Limited. With these fresh registrations, the overall portfolio for APL Apollo Tubes has risen to 16.
This is an affirmation of our innovative aspiration to create new market for structural steel tubes and redefine how infrastructure development is planned in India. These products will be used in various building material applications and would replace existing conventional construction products like wood, aluminum, concrete and steel angles and channels.
The structural steel tubes provide the ability to design with flexibility, without compromising on the durability and strength of the structure. In addition to this, construction with Tubular Steel Structures is faster with better seismic resistance and the resultant structure has higher carpet area, all at substantially lesser costs than conventional construction models, including RCC structures. Moreover, Tubular constructions are more sustainable and environment friendly, without any water or air pollution emanating due to the construction process, thus aligning well with the Ministry of Steel's rallying call of #SteelForGreen.
The National Infrastructure Pipeline along with the recently announced National Monetization Pipeline place us at the cusp of history where we reimagine infrastructure development for a self-reliant India, an Atmanirbhar Bharat with designs specifically catering to its rapid growth potential.
With more than 50% market share and production capacity of 2.6 Mn Tons, APL Apollo is very excited to play its part in the process.
Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 1879.4 as compared to the previous close of Rs. 1844.7. The total number of shares traded during the day was 26975 in over 3459 trades.
The stock hit an intraday high of Rs. 1900 and intraday low of 1838.4. The net turnover during the day was Rs. 50531197.