Anubhav Gupta, APL Apollo: Create a new market, capture 100% share

11 Mar 2021 CW Team

One look at the Q3 FY21 financials of APL Apollo will leave you wondering—was there a pandemic? At Rs 2,321 million, the company’s EBITDA was up 45% year-on-year while the net profit, at Rs 1,320 million, was up 78%. Interest payouts declined 41% to Rs 159 million during this period following a massive reduction in net debt, from Rs 7.9 billion (in March 2020) to Rs 3 billion.

The sales of the company rose 22.53% to Rs 2500.21 crore in the quarter ended December 2020 as against Rs 2040.45 crore during the quarter ended December 2019. How was this achieved?

In an exclusive interview, Anubhav Gupta, Chief Strategy Officer, APL Apollo, shares how APL Apollo was able to sail through the pandemic, the main drivers for their high performance, the impact of scarcity of steel in FY21, on the approval of the merger of Shri Lakshmi Metal Udyog and Apollo Tricoat with APL Apollo and much more.

To read the interview, click here.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..