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APL Apollo Tubes gains on receiving two more design patents

The stock moved higher to its lifetime high of Rs 1,088, up 14% on the BSE in intra-day trade

Steel turns dearer as coking coal price surges
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SI Reporter Mumbai
APL Apollo Tubes reached its lifetime high of Rs 1,088, up 14% on the BSE in intra-day trade, after the company said it received patents from the Indian Patent Office for two new product design.

“This is in addition to the four Hollow Section design patents received last month. The company now holds total 8 design patents in total,” APL Apollo Tubes, the manufacturer of steel tubes, said in a statement.

The patents cover the shapes and configuration of ‘window frame’ and ‘metal tube’ products. The cutting-edge design will hold a patent for a period of 10 years,