APL Apollo Achieves Record Level Obtaining Design Patents for Six Products

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The Office of the Comptroller General of Patents, Designs and Trademarks recently granted six registrations to APL Apollo Tubes’ innovative products.

New products include: Apollo Reflector (to use as roadside reflectors), Apollo Fence (to use for fence solutions), Apollo Oval (to use as gym equipment), Apollo Plank (to use on stairs and scaffolding), Octogon (to be used as a lighting pole) and Checkered coil (to be used as cladding panels).

With the registrations, the overall APL Apollo Tubes portfolio has grown to 16. These products will be used in various building material applications and will replace existing conventional building products such as timber, aluminum, concrete angles and channels. and steel.

Structural steel tubes provide the ability to design flexibly, without compromising the durability and strength of the structure. In addition to this, construction with tubular steel structures is faster with better seismic resistance and the resulting structure has a higher mat area, all at significantly lower costs than conventional construction models, including RCC structures. In addition, tubular constructions are more durable and environmentally friendly, without any water or air pollution due to the construction process.

APL Apollo Tubes consolidated net profit climbed 669.40% to Rs 168.42 crore on a 126.4% increase in net sales to Rs 2,443.32 crore in the first quarter of fiscal 22 compared to in the first quarter of fiscal year 21.

APL Apollo Tubes is one of the largest producers of structural steel tubes in India. It has a distribution network of warehouses and branches in 29 cities across the country, serving the country as well as 20 countries around the world.

Shares of APL Apollo Tubes slipped 1.03% to Rs 1,860 on BSE. The script hit a record high of Rs 1,908.70 intraday today.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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