Rs.1.9bn order from thermal power project, says Venus
Venus Pipes and Tubes of Gujarat has improved its export mix to 44% led by network expansion in Europe, the US and Middle East while it is in the process of obtaining approvals to penetrate further in the export and domestic markets.
The Dhaneti-based company recently commissioned operation of a new 3,600MT capacity for value-added products; fittings are likely to be commissioned in H1FY26 https://www.makeinindia.com/home/.
Exports more than tripled in Q4FY25, soaring 312% YoY led by strong order inflows and higher market penetration in new geographies. Share of seamless/welded in Q4FY25 was 59%/35% (versus 55%/40% in Q4FY24). Though overall demand remains bleak, the company is reporting a demand pickup from the power sector.
Venus has received an order worth Rs.1.9 billion for a thermal power project for the supply of stainless-steel seamless boiler tubes.
With over 8 years of experience, Venus, a leading manufacturer and Exporter of stainless steel pipes and tubes in India, serves diverse industries such as Oil and Gas, Petrochemical, Pharmaceuticals, Food and Beverage, Chemical and more https://fieo.org/.
Venus Pipes and Tubes focuses on innovation, quality, and customer satisfaction through its network of more than 30 countries. fiinews.com
