The Office of the Comptroller General of Patents, Designs and Trademarks recently granted six registrations to the innovative products of APL Apollo Tubes Limited. With these new registrations, the overall APL Apollo Tubes portfolio has grown to 16.
This is an affirmation of our innovative aspiration to create a new market for structural steel tubes and to redefine the way infrastructure development is planned in India. These products will be used in a variety of building material applications and will replace existing conventional building products such as timber, aluminum, concrete and steel angles and profiles.
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 emanating from the construction process, thus aligning well with the rallying call of the Ministry of #SteelForGreen steel.
The National Infrastructure Pipeline along with the recently announced National Monetization Pipeline puts us at the dawn of history where we are reinventing infrastructure development for a self-sufficient India, an Atmanirbhar Bharat with designs specifically addressing its potential for rapid growth.
With over 50% market share and a production capacity of 2.6 million tonnes, APL Apollo is very excited to play its part in the process.
Shares of APL Apollo Tubes Limited were last trading in the BSE at Rs. 1879.4 from the previous close of Rs. 1844.7. The total number of shares traded during the day was 26,975 in more than 3,459 transactions.
The share hit an intraday high of Rs. 1900 and an intraday low of 1838.4. The net turnover during the day was Rs. 50,531,197.