Patent Office grants registrations to 6 innovative products of APL Apollo Tubes; Stock up 1.5%

The overall portfolio of these registrations for the company has risen to 15.

Sep 14, 2021 12:09 IST India Infoline News Service

The Office of the Controller General of Patents, Designs & Trademarks has recently granted six registrations to the innovative products of APL Apollo Tubes Limited. With these fresh registrations, the overall portfolio of these registrations for APL Apollo Tubes has risen to 15.

“This is an affirmation of our innovative aspiration to redefine how infrastructure development is planned in India. Structural Tubes provide the ability to design with flexibility, without compromising on the durability and strength of the structure,” the company said in a filing.

In addition to this, construction with Tubular Steel Structures is faster with better seismic resistance and the resultant structure has higher carpet area, all at substantially lesser costs than conventional construction models, including RCC structures.

Moreover, Tubular constructions are more sustainable and environment friendly, without any water or air pollution emanating due to the construction process, thus aligning well with the Ministry of Steel’s rallying call of #SteelForGreen.

“The National Infrastructure Pipeline along with the recently announced National Monetization Pipeline place us at the cusp of history where we reimagine infrastructure development for a self-reliant India, an Atmanirbhar Bharat with designs specifically catering to its rapid growth potential. With more than 50% market share and production capacity of 2.6 MT, APL Apollo is very excited to play its part in the process,” company said.

At around 12.45 pm, APL Apollo Tubes Ltd was trading at Rs1,883.05 per piece up by Rs28.25 or 1.52% from its previous closing of Rs1,854.80 per piece on the BSE.

Related Story

Open Free Demat Account (Rs699)