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Apollo APL charts an ambitious course towards accelerated growth with a 2.86 lakh tons capacity expansion plan. The company eyes new greenfield plants in key regions, backed by a hefty INR 500 crore capex funded through equity infusion and internal cash flows. Their aggressive pricing strategy aims to gain market share while maintaining a debt-free stance.
APL Apollo Tubes share price today: The stock, which fell to a 52-week low of Rs 816 on June 29, 2022 hit an intraday high of Rs 1174 on BSE today, translating into a gain of 43.87 per cent during the period.
APL Apollo Building Products Private Limited has issued and allotted 20,000 senior, unsecured, rated, listed, redeemable, rupee-denominated, non-convertible debentures.
The board of directors of APL Apollo Tubes Ltd has recommended a final dividend of Rs. 5/- per equity share of face value of Rs. 2/- each i.e., 250% for the financial year ended 31st March, 2023.
Go First crisis: The NCLT asked the company to give all necessary support to the insolvency resolution professional.