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APL Apollo Tubes
BSE: 533758|NSE: APLAPOLLO|ISIN: INE702C01019|SECTOR: Steel - Tubes/Pipes
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Company History - APL Apollo Tubes
Bihar Tubes Limited was incorporated on 24th Feb. , 1986 as a Private
 Limited
 Company. Mr. S. K. Gupta and Mrs. Saroj Rani Gupta were its first
 Directors. It started
 a unit at Sikandrabad (U.P.) to manufacture M. S. Pipe . Later on it
 also set up
 facilities to manufacture G. I. Pipes.
 
 The Company was converted in to a Public Limited Company on 19th Oct.
 , 1993. The
 Company entered in to Capital Market by way of a Public Issue
 amounting to Rs.438 lacs
 in 1995. In 1994, the company also issued 28,80,000 Equity shares of
 Rs. 10/- each as
 Bonus shares in the Ratio of 2:5 by capitalising its General
 Reserves.
 The Company modernised its plant in 2002 with the term loan extended
 by Union Bank
 of India, Paharganj New Delhi, which is also providing Working
 Capital assistance to
 the Company.
 
 The performance of the company has been excellent and its turnover is
 increasing every
 year at a sustained growth rate. The Company is also Exporting its
 products to various
 countries and also exploring the new destinations with vast export
 potentials. The
 Company has got the certification as Recognised Export House. All its
 products are BIS
 marked. The Company is also enjoying ISO 9002 and ISO 9001
 certification for its
 operation.
 
 At present company is having three Tube Mills with total Production
 capacity of over
 53000 M.T. per annum of M. S. Pipe and also for Galvanising the same.
 The company is
 further expanding its capacity to 80000 M. T. per annum at a cost of
 cost of Rs. 300
 Lacs.
 
 2007
 
 -The Company has issued Bonus Shares in the Ratio of 1:1.
 
 2008
 
 - Bihar Tubes Ltd has informed that the Company bagged order worth
 INR 150 Million approx from Govt. of Himachal Pradesh, Irrigation &
 Public Health Deptt. Shimla.
 
 2009
 
 -Bihar Tubes achieved 75% Growth in Production 
 
 -Bihar Tubes Commissioned First Phase of Hosur Project
 
 2010
 
 -Bihar Tubes inaugurates South India's largest steel tube plant at
 Hosur
 
 -Bihar Tubes on Galloping Spree - Achieved Prestigious OHSAS
 18001-2007 & ISO 14001-2007 Certification
 
 -The name of the Company has been changed from Bihar Tubes Ltd to APL
 Apollo Tubes Ltd
 
 -APL Apollo Tubes acquires Lloyds Line Pipes
 
 2011
 
 -Ashok Kumar Gupta has been appointed as Managing Director  of the
 company.
 
 2012
 
 -Sheet galvanizing facility introduced in South India, Commenced
 modernization and capacity enhancement drive at all manufacturing
 locations.
 
 -APL Apollo Tubes has recommended the Dividend of Rs. 2.00/- per
 equity share of Rs. 10/- each
Source : Dion Global Solutions Limited
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