Home  »  Company  »  APL Apollo Tubes Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

APL Apollo Tubes Ltd. Company History and Annual Growth Details

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.
 
Subscribe now to get personal finance updates in your inbox!