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| Exchange Disseminated Time 06/05/2016 18:01:16 | APL Apollo Tubes Ltd has informed BSE that as part of the Company's expansion plans and in order to meet the growing demand of products of the Company, a new unit is being set up at Raipur, Chhattisgarh with total capital outlay upto Rs. 75 crores. The plant will manufacture galvanized steel tubes, hollow section and galvanized sheets having a total capacity of 60,000 MTPA.
The Company has also signed the MOU with Government of Chhattisgarh, in this regard and unit is likely to commence the operations by the first quarter of next financial year, FY2017-18. |
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