Venus Pipes & Tubes Ltd commences commercial production of LSAW Pipes

Venus Pipes & Tubes Ltd, one of the leading manufacturers of stainless pipes and tubes would like to inform that, the company has successfully commenced commercial production of LSAW pipes of ~600 MT per month on 21st July 2023.

Commenting on the commencement of commercial production, Arun Kothari, Managing Director of Venus Pipes & Tubes Limited, said, "I am delighted to share that the company has commenced commercial production of LSAW pipes as the last leg of planned capacity expansion. With almost tripling our capacities in the last two months as compared to FY23, the company is all geared up to cater the rising demand for its products among diversified industries, whilst maintaining utmost standards and quality.

The Company is poised to capture new markets, forge stronger partnerships, and continue to raise the bar in terms of product excellence and customer satisfaction. At Venus, the company strives to increase its market share by addition in the product portfolio, expand the client base and serve the existing clients better."

Shares of Venus Pipes & Tubes Limited was last trading in BSE at Rs. 1197.70 as compared to the previous close of Rs. 1195.00. The total number of shares traded during the day was 1493 in over 137 trades.

The stock hit an intraday high of Rs. 1206.70 and intraday low of 1195.00. The net turnover during the day was Rs. 1793912.00.

Source : Equity Bulls

Keywords

VenusPipesandTubes INE0JA001018 CommercialProduction Commencement LSAWPipes