Chartered as Potential Investments and Finance Limited in January 1983, the company got its commencement of business certification on 25th February 1983. Apollo tricoat tubes limited is one of the renowned distributors of steel products. Their products are made in India, and they offer various materials like tubes, pipes, rolled steel, etc. With their tag line as three steps ahead, they use the latest technology straight from the United States that promises to manufacture galvanized triple-layered steel tubes and pipes. They aim to align their goals and standards with their high-quality products. Apollo tricoat tubes ltd was formerly known as best steel logistics. The equity shares of Apollo are listed on BSE & NSE.
The steel tubes and pipe maker declared a merger of itself and Shri Lakshmi Metal Udyog with APL Apollo Tubes Ltd. The merger is expected to complete by the third quarter or financial year 2022.
By open offer and market investments, SLMUL acquired ~10.2% of Apollo TriCoat stakes during January 2019, and presently they hold an entirety of ~50.6% stake in Apollo TriCoat.
Shri Lakshmi Metal Udyog Limited (SLMUL), a fully-owned subsidiary of APL Apollo Tubes acquired a 40.4% stake in Apollo TriCoat.
Apollo tricoat tubes ltd. has five brands of its own for various services.
Apollo Chaukhat- India’s first closed steel door frames. They come in customise sizing and various user-friendly properties.
Apollo Elegant- A brand of designer pipes that are aesthetic, modern, and durable. Fencing, handrails, furniture, swings, and so much more, these beautifully carved pipes go with everything.
Apollo Signature- Eco-friendly and modern, apollo signature is a unit for designer galvanized pipes that are multi-purpose.
Apollo Steel Plank- A new age ways to plank. Steel planks are here to make a change not only to the environment but to your constructions as well.
Apollo Wondoor- Not only door frames but they do doors too. These doors are not only robust but modern and very user friendly.
The Organization commenced the marketing of Iron ore which was terminated in 2011 due to government policies.
Apollo tricoat tubes began the business of dealing with iron and steel goods around December 2013, and in a matter of four months, they achieved a turnover of Rs.50 crore with suitable profits.
The equity shares of Potential Investments & Finance Ltd are listed and admitted to dealings on the Exchange in the list of T Group Securities.
They rebranded themselves from best steel logistics to apollo tricoat tubes limited.
Apollo TriCoat commenced the industrial reproduction of its opening two product categories viz, the In-line Galvanized (ILG) pipes and Designer Pipes. The production took place at the existing Greenfield plant at Malur, Bengaluru.
Apollo tricoat tubes limited's Greenfield plant in Bengaluru has a whooping production capacity of 150,000 tons per annum.
2019 was a year of stepping milestones for Apollo tricoat as they launched various new products like a new-age steel product- Apollo Steel Plank, designer galvanized pipes- Apollo Signature, and door frames.
ABP Emerging brand awards- 2019
They colluded with IIT Roorkee to cultivate a symbiotic bond that would take the industry ahead with innovation.
Their brand Apollo Chukhat was the first one in India to manufacture closed steel door frames.
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