Rs 350 crore Order Book: Pipe & Tube Manufacturer Adds 3,600 MTPA Welded Tubes Capacity at Dhaneti Facility
Over the past year, the small-cap stock has delivered a strong return of -32.13 per cent, while in last 5 years it is up by 334 per cent.
Venus Pipes & Tubes Ltd, a leading Indian exporter and manufacturer of stainless-steel pipes and tubes, has commenced operations at its newly expanded Welded Tubes facility in Dhaneti, Gujarat. The new value-added unit adds 3,600 metric tonnes per annum (MTPA) capacity, bringing the company’s total welded pipes and tubes capacity to 27,600 MTPA. This move is aimed at tapping into high-margin product segments and expanding Venus Pipes & Tubes’ integrated piping solutions offering.
Commenting on the same, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said, “We are happy to announce that the company has operationalized capacity for production of 3,600 MTPA of value-added Welded Tubes. This marks our entry into a high-margin product segment and represents a significant milestone in our journey towards becoming one stop piping solution provider. We are confident that this expansion will not only enhance our market presence but will also open doors for us to cater to companies which require critical applications. Furthermore, with the planned addition of fittings manufacturing capacity in coming months, we are set to become one of the few companies in the country offering a comprehensive and integrated range of piping solutions. This will significantly strengthen our value proposition and reinforce our commitment to delivering quality, innovation, and end-to-end service to our customers.”
As of 16:00 IST on May 24, 2025, shares of Venus Pipes & Tubes Ltd were trading at Rs 1,445 on the NSE, up 11.82 per cent intraday. Over the past year, the Small-Cap stock has delivered a strong return of -32.13 per cent, while in last 5 years it is up by 334 per cent.
For the financial year ended March 31, 2024, the company posted revenue of Rs 802 crore and a net profit of Rs 94 crore. The Quarterly Results and FY25 results are to be announced on May 26, 2025. Its product range includes seamless and welded stainless-steel pipes and tubes, such as high precision and heat exchanger tubes, hydraulic and instrumentation tubes, seamless pipes, welded pipes, and LSAW pipes. Venus Pipes & Tubes exports to over 30 countries, including the US, UK, EU, and the Middle East.
This latest capacity addition, coupled with the company's expansion roadmap, reflects Venus Pipes & Tubes' efforts to meet rising global demand while enhancing its presence in critical application industries.
Disclaimer: The article is for informational purposes only and not investment advice.