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APL Apollo Tubes Limited ( (IN:APLAPOLLO) ) has provided an update.
APL Apollo Tubes Limited has announced a GST demand order of ₹31,71,400 from the Assistant Commissioner in Tamil Nadu for excess ITC claimed in FY 2020-21. The company believes the demand is unsustainable and plans to appeal, stating that there is no material impact on its financials, operations, or activities.
More about APL Apollo Tubes Limited
APL Apollo Tubes Limited operates in the steel tube manufacturing industry, primarily offering a range of steel pipes and tubes. The company is focused on the Indian market, providing high-quality structural steel solutions to various sectors, including infrastructure and construction.
YTD Price Performance: -5.98%
Average Trading Volume: 35,022
Current Market Cap: 409.9B INR
For a thorough assessment of APLAPOLLO stock, go to TipRanks’ Stock Analysis page.