Chhattisgarh's State Investment Promotion Board grants incentives to APL Apollo Building Products Pvt Ltd

APL Apollo Building Products Private Limited, a wholly owned subsidiary of APL Apollo Tubes Limited, has been granted Incentives of Rs. 500 Crores by State Investment Promotion Board (SIPB), Government of Chhattisgarh under the following heads:

1. Relaxation of Stamp duty
2. 75% Net SGST for 15 years
3. Electricity duty exemption for a period of 15 years Limited
4. Transport subsidy towards exports for 15 years

The above mentioned incentives are granted for establishment of manufacturing facility by APL Apollo Building Products Private Limited at Rigni Village, Tahsil - Simga, Baloda Bazar District in Chhattisgarh State.

Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 1307.75 as compared to the previous close of Rs. 1317.40. The total number of shares traded during the day was 7693 in over 1281 trades.

The stock hit an intraday high of Rs. 1330.10 and intraday low of 1303.50. The net turnover during the day was Rs. 10097729.00.

Source : Equity Bulls

Keywords

APLApolloTubes INE702C01027 APLApolloBuildingProducts SIPB Incentives