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APL Apollo Tubes Limited (APL Apollo) is one of India‚Äôs leading branded steel products manufacturers. Headquartered at Delhi NCR, the Company runs 10 manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections to serve industry applications like urban infrastructures, housing, irrigation, solar plants…
APL Apollo's Board approved selling its entire real estate subsidiary, Blue Ocean Projects Pvt Ltd, to a related party, SG Realtor, for ₹160 Cr, following Audit Committee guidance. This divests a unit representing 2.63% of consolidated net worth.
APL Apollo Tubes has issued Commercial Paper worth Rs 100 Cr at 6.15% for 64 days. This short-term financing, rated [ICRA] A1+, was issued to Kotak Mahindra Bank and will be listed on BSE. A key treasury activity.
APL Apollo Tubes issued Commercial Paper worth 200 Cr at 6.12% interest for a 55-day tenure. This short-term debt will help manage working capital or other immediate financial needs.
APL Apollo Tubes has secured short-term financing by issuing Commercial Papers worth 100 Cr. These CPs carry a 6.25% rate and mature in 35 days, holding an [ICRA] A1+ credit rating.
APL Apollo Tubes has issued Commercial Papers totaling 100 Cr at 6.25% for a 43-day tenure. This financing move, rated A1+, reflects the company's short-term capital management strategies.