Apollo Pipes Limited has officially announced the commencement of commercial production at its new manufacturing plant located in Mirzapur (near Varanasi), Uttar Pradesh, effective April 14, 2026. This milestone follows a series of earlier strategic intimations regarding the facility’s development and timeline revisions. The facility is a critical component of the company’s regional expansion strategy, aimed at strengthening its manufacturing footprint in Northern India.

The newly operational Mirzapur plant is expected to significantly bolster the company’s production capacity and service capabilities in the Uttar Pradesh region. The plant’s commissioning is part of a broader capital expenditure plan to scale up operations and enter new geographies. The commencement follows the recent appointment of Parag Dadeech as Chief Operating Officer in March 2026, who brings nearly three decades of global manufacturing expertise to oversee such large-scale operational integrations.

Apollo Pipes is a prominent player in the Indian plastic piping industry, manufacturing a diverse range of CPVC, uPVC, and HDPE pipes and fittings. In 2025, the company made significant strategic moves, including the acquisition of Kisan Mouldings Limited to consolidate its market position in Western India. During the same year, the company diversified its portfolio by launching a new uPVC Doors & Windows segment with over 250 SKUs. These initiatives were supported by a major investment of ₹110 crores from Kitara Capital in early 2025 to fund expansion while maintaining a debt-free balance sheet.

For the last reported quarterly financial results (Q3 FY26), the company faced a challenging environment, reporting a consolidated revenue of ₹247.18 Crores, a decline of 19.73% compared to ₹307.93 Crores in the previous year’s corresponding quarter. The company recorded a net loss of ₹4.76 Crores for the quarter, compared to a profit of ₹6.39 Crores in Q3 FY25. Despite the quarterly setback, the company maintained a nine-month profitability of ₹4.79 Crores. Notable investors include Kitara Capital, which reinforced its commitment with a significant premium investment in early 2025. Retail investors also showed increased interest, with their holding rising to 36.86% by the December 2025 quarter.