APL Apollo Tubes Limited has planned to invest around INR 1500 crore over a period of next 3 years to increase the overall capacity from 4.5 million tonnes to 6.8 million tonnes.
May 07, 2025
APL Apollo Tubes Limited has approved a capital expenditure plan (including maintenance capex) estimated to be around INR 1500 crore to be incurred by the company, and/or its wholly owned subsidiaries (existing and/or new,) over a period of next three years, to increase the overall capacity from 4.5 million tonnes to 6.8 million tonnes.
The capex will be utilized for enhancing manufacturing capacities across existing and new facilities, in line with the company’s strategic growth objectives and increasing market demand.
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Mr. Sanjay Gupta, Chairman and Managing Director (CMD) at APL Apollo Tubes Limited, voluntarily surrendered his overall remuneration for the month of February 2025 and March 2025, along with the commission for the financial year 2024–25 and financial year 2025-26.
