Rs 350 crore Order Book: Pipe & Tube Manufacturer Secures Rs 190 Crore Order for Stainless Steel Seamless Boiler Tubes

Year-to-Date (YTD) returns are down by 21.43 per cent, while the 1-Year return stands at a sharp 44.70 per cent decline.

Venus Pipes & Tubes Limited, a manufacturer of stainless steel seamless and welded pipes and tubes, announced today that it has received a Letter of Intent (LOI) from a leading integrated power plant equipment manufacturer in India. The order, valued at approximately Rs 190 Crores (excluding GST), is for Stainless Steel Seamless Boiler Tubes. These tubes will be utilised in a series of Supercritical and Subcritical Thermal Power Projects. The company stated that this LOI was received in the normal course of business and that the transaction is not considered a related party transaction, as it was conducted on an arm's length basis.

Venus Pipes and Tubes Ltd., operating in the Metals & Mining sector under the Iron & Steel industry, closed at Rs 1,183 on May 8, 2025, marking a decline of 3.04 per cent or Rs 37.10 from the previous trading session. The company currently has a market capitalisation of Rs 2,417 crore. Its stock has seen a 52-week high of Rs 2,450.35 and a 52-week low of Rs 1,005.30, indicating considerable price volatility over the past year. In terms of performance, Year-to-Date (YTD) returns are down by 21.43 per cent, while the 1-Year return stands at a sharp 44.70 per cent decline, reflecting significant underperformance during this period.

Commenting on the same, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said, “We are happy to announce that the company has received an order worth ~Rs. 190 crores from one of India’s leading integrated power plant equipment manufacturers for supply of stainless-steel seamless boiler tubes which are used for series of Supercritical and Subcritical thermal power projects. This order is a testament to our strong manufacturing capabilities and the long-standing relationships we have built with our customers over the years. It further reinforces our position as a key player in India’s stainless-steel manufacturing landscape and showcases the trust and confidence our customers have in us. We continue to make steady progress in our growth journey and this achievement gives us added confidence in our ability to secure large orders. Going forward, we believe our robust capabilities, investment in manpower and ongoing focus on expanding our portfolio with value-added products will enable us to tap into more such high-value opportunities. We remain committed to delivering excellence and driving growth through innovation, quality, and customer-centricity.”

Venus Pipes & Tubes Limited is involved in the manufacturing of stainless steel tube products, categorized into seamless tubes/pipes and welded tubes/pipes. Under these broad categories, the company produces five main product types: stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless-steel LSAW pipes. The company serves both domestic and international markets, exporting its products to over 25 countries across the UK, US, Middle East, and the European Union. 

Disclaimer: The article is for informational purposes only and not investment advice.