The incentives provided by Chhattisgarh government include relaxation of stamp duty, 75% net SGST for 15 years, electricity duty exemption for a period of 15 years limited, and transport subsidy towards exports for 15 years.

The incentives are granted for the establishment of a manufacturing facility by APL Apollo Building Products at Rigni village, Simga Tahsil, Baloda Bazar District in Chhattisgarh.

APL Apollo is the largest and one of the fastest-growing ERW steel tubes/structural products manufacturers in India, with a current production capacity of 41 lakhs MTPA.

The company reported 24% rise in consolidated net profit to Rs 201.8 crore on a 5% increase in net revenue to Rs 4,431.1 crore in Q4 FY23 as compared with Q4 FY22.