Venus Pipes and Tubes Bags ₹190 Crore Order for Stainless Steel Boiler Tubes

Venus Pipes & Tubes Ltd, a leading name in stainless steel pipe and tube manufacturing, has achieved a notable business development by securing a Letter of Intent (LOI) from one of India’s foremost integrated power plant equipment manufacturers. The LOI, valued at approximately ₹190 crore (excluding GST), marks a significant contract for supplying stainless steel seamless boiler tubes for use in a series of supercritical and subcritical thermal power projects. This strategic development is poised to further enhance Venus Pipes’ reputation in the domestic and international industrial landscape.

Strengthening Market Position Through Strategic Orders

The newly acquired LOI stands as a testament to Venus Pipes & Tubes’ strong operational foundation and manufacturing excellence. The order, which is expected to be fulfilled progressively over the next 12 to 15 months, reinforces the trust clients place in the company’s capabilities. Managing Director Arun Kothari highlighted the importance of this achievement, citing it as a reflection of the firm’s commitment to quality and enduring customer relationships. Such high-value orders not only contribute to revenue growth but also establish Venus Pipes as a key player in the infrastructure and energy sectors, particularly within power generation.

Venus Pipes' Global Footprint and Product Capabilities

Venus Pipes & Tubes Ltd manufactures a diverse range of stainless steel products, including seamless and welded pipes and tubes. The company's product lines span high-precision heat exchanger tubes, hydraulic and instrumentation tubes, and LSAW pipes. Its robust infrastructure supports exports to over 25 countries, including major markets in the UK, USA, Middle East, and the European Union. This global outreach reflects the firm's commitment to quality and innovation, enabling it to meet the complex needs of both domestic and international clients across various industrial sectors.

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Venus Pipes & Tubes Share Performance 

As of May 09, 2025, at 9:35 AM, Venus Pipes & Tubes share price is trading at ₹1,170.40 per share, a decrease of 1.07% from the previous closing price. Over the past month, the stock has surged by 0.27%.

Conclusion

The ₹190 crore LOI signals a substantial leap forward for Venus Pipes & Tubes Ltd in cementing its position as a premier supplier within India’s power and infrastructure ecosystem. With a strong focus on manufacturing excellence and customer satisfaction, the company is well-positioned to capitalise on similar high-value opportunities in the future.

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