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Best Steel Logistics has said that it has put its plants at Malur Industrial Area, Bangalore, for manufacturing TriCoat Tubes in three variants - SureCoat, DuraCoat and SuperCoat — with the advanced galvant technology. The total capacity stands at 50,000 tonnes. The technology has been obtained from the US to manufacture the tubes with triple-layer of protective coating - paint, zinc and UV organic coating, with total capital outlay of up to ₹100 crore. This product is used worldwide as a substitute for PVC electrical conduit pipes.
The board also took note of the change of name of the company to Apollo Tricoat Tubes or Apollo Coated Pipes or Apollo Coated Products or any other name as may be approved by the RoC or any other regulatory authorities. Shares of Best Steel Logistics closed 9.55 per cent higher at ₹158.85 on the BSE.
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