Venus Pipes secures a stainless steel tubes order for thermal power projects, reinforcing its leadership in stainless steel manufacturing and exports.

One of the leading manufacturers of power plant equipment in India has sent a Letter of Intent (LOI) to Venus Pipes & Tubes. The LOI is for Rs 190 crore worth of seamless boiler tubes made of stainless steel. Numerous supercritical and subcritical thermal power projects throughout the nation will make use of these premium tubes. The project will be completed within the following 12 to 15 months after the official order is issued.

“This deal demonstrates our strong manufacturing skills and the long-term trust we’ve built with our customers,” stated Venus Pipes Managing Director Arun Kothari. Additionally, it solidifies our position as a key participant in the stainless steel industry in India. A large variety of seamless and welded stainless steel pipes and tubes are produced and exported by Venus Pipes. Brazil, the UK, Israel, and other EU countries are among the more than 25 countries that the company serves.

With earnings of Rs 17.97 crore in Q3 FY25 as opposed to Rs 23.28 crore in Q3 FY24, Venus Pipes recorded a 22.81% decline in net profit. Nonetheless, the company’s revenue increased by a robust 11.67% to Rs 231.30 crore from Rs 207.13 crore the previous year.

The company’s goal to dominate the stainless steel tube business in India and around the world is being furthered by this new initiative.