Corporate News     10-Jul-23
APL Apollo Tubes arm receives state govt. grants aggregating Rs 500 cr
For setting up manufacturing facility in Chhattisgarh State
APL Apollo Building Products, a wholly owned subsidiary of APL Apollo Tubes, has been granted Incentives of Rs. 500 crore 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 at Rigni Village, Tahsil - Simga, Baloda Bazar District in Chhattisgarh State.

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