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APL Apollo Tubes: Innovator in a mundane business

The Indian economy is sluggish; so companies dependent on the country's infrastructure growth should be underperforming, right? The surprising contrarian is the Delhi-based APL Apollo Tubes. The company is one of the leading steel tube manufacturers in India. Its products are used in diverse applications - structures of new commercial buildings (replacing traditional materials); liquid petroleum gas cylinders that provide kitchen fuel; wind energy structures providing clean energy; new bridges; airports; mobile telecom towers; pipes leading water to our urban taps; low-floor buses; ...