Venus Pipes & Tubes Ltd commences Additional 6.1 MW DC Solar Power Unit

Venus Pipes & Tubes Ltd, one of the leading stainlesssteel pipes / tubes manufacturers and exporters along with fittings in India announced commencement of its additional 6.1 MW DC solar power unit, further strengthening its focus on renewable energy and cost efficiency.

The company has invested approximately Rs. 22 crores in the new solar power unit, which is expected to generate annual power cost savings of approximately Rs. 6 crores. With the commissioning of this additional capacity, the company's total solar power capacity now stands at 7.4 MW DC.

The solar power expansion is expected to reduce the company's dependence on conventional power sources while supporting its long-term objective of improving energy efficiency and reducing its overall power costs. The initiative also reinforces company's commitment towards sustainable manufacturing and increasing the share of renewable energy in its operations.

Commenting on the same, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said, "The commencement of additional 6.1 MW DC solar power unit is an important step towards strengthening our renewable energy footprint and improving the cost efficiency of our operations. We remain committed to increasing the use of renewable energy while building a more efficient and sustainable manufacturing platform."

Shares of Venus Pipes & Tubes Limited was last trading in BSE at Rs. 1590.10 as compared to the previous close of Rs. 1577.35. The total number of shares traded during the day was 5517 in over 440 trades.

The stock hit an intraday high of Rs. 1599.45 and intraday low of 1528.90. The net turnover during the day was Rs. 8673896.00.

Source : Equity Bulls

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VenusPipesandTubes INE0JA001018 SolarPowerUnit