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APL Apollo Tubes to acquire one unit of Taurus Value Steel & Pipes

Steel News - Published on Mon, 15 Apr 2019

Image Source: IndiaMART
APL Apollo Tubes Ltd has announced the acquisition of assets of production unit located at Chegunta Hyderabad, one of the unit of Taurus Value Steel & Pipes Private Limited. The consideration to be paid is cash payment of INR 70 crore. Taurus Value Steel & Pipes Private Limited was incorporated 2009 and has a capacity of 200,000 tonnes per annum. The company had a turnover of INR 773.7 crores in FY 2017-18.

APL Apollo said “The acquisition will result in higher volumes, better competitive strength and reduced freight cost.”

Source :

Posted By : Ratan Singh on Mon, 15 Apr 2019
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