New Delhi, Apr 1 (PTI) APL Apollo Tubes Limited on Friday said its sales grew about 27 per cent to 5,51,723 tonne in the fourth quarter ended March 31, 2022.

The company had clocked 4,35,348 tonne sales in January-March 2020-21, structural steel tube maker said in a statement.

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For the entire 2021-22 fiscal, APL Apollo registered a sales of 17,54,963 tonne compared to 16,40,353 tonne in FY2020-21.

"The value-added product portfolio contributed 63 per cent in FY22 against 57 per cent in FY21. We are encouraged to see strong sales growth in the heavy structural steel tubes and Apollo Z product segments, which should drive the company's margins going forward," the company said.

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Headquartered in Delhi-NCR, APL Apollo is India's leading structural steel tube manufacturer. The company operates 11 manufacturing facilities at various locations in India with a total capacity of 2.6 million tonne.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)