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An update from Venus Pipes & Tubes Ltd. ( (IN:VENUSPIPES) ) is now available.
Venus Pipes & Tubes Ltd has commenced operations for an additional 1,800 MTPA of seamless pipes and tubes, increasing its total capacity to 16,200 MTPA. This expansion is a strategic move to enhance its presence in high-specification industries requiring superior-grade pipes and tubes. The company plans further capacity expansion in the coming months, aiming to leverage its technical expertise and customer relationships for swift growth. This development underscores Venus Pipes & Tubes’ commitment to quality, innovation, and comprehensive service excellence, strengthening its market position.
More about Venus Pipes & Tubes Ltd.
Venus Pipes & Tubes Limited is a prominent manufacturer and exporter of stainless-steel pipes and tubes, offering products in two main categories: seamless and welded tubes/pipes. The company produces a variety of stainless steel products, including high precision & heat exchanger tubes, hydraulic & instrumentation tubes, seamless pipes, welded pipes, and LSAW pipes. It serves both domestic and international markets, exporting to over 30 countries such as the UK, US, Middle East, and European Union.
Average Trading Volume: 5,420
Technical Sentiment Signal: Sell
Current Market Cap: 25.99B INR
For a thorough assessment of VENUSPIPES stock, go to TipRanks’ Stock Analysis page.