NSEPress Release20h ago · 30 Oct 2026, 07:07 pm
Press Release
Venus Pipes & Tubes Limited · VENUSPIPES
✦ AI Summary▲ PositiveOrder Win
Venus Pipes & Tubes Limited has received an order worth Rs. 29 crore for pipe spooling from a data centre customer, forming part of the Rs. 185 crore Letter of Intent (LOI) received earlier. The order follows the commencement of operations at a part of the Company’s dedicated pipe spooling manufacturing facility.
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Full Announcement
Venus Pipes & Tubes Limited has informed the Exchange regarding a press release dated October 30, 2026, titled "Venus Pipes & Tubes receives Rs. 29 Crore Order Against Rs. 185 Crore LOI from Data Centre Customer for Pipe Spooling solutions".
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Date: October 30, 2026
To, To,
Department of Corporate Services Listing Department
BSE Limited National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Bandra
Dalal Street, Kurla Complex, Bandra (East), Mumbai –
Mumbai - 400001 400051
Scrip Code: 543528 ISIN- INE0JA001018 Symbol: VENUSPIPES
Sub: Press /Media Release
Dear Sir/Madam,
Please find enclosed herewith a copy of the press/media release being issued by the Company
for your information and record.
Thanking you,
Yours faithfully,
For Venus Pipes & Tubes Limited
CS Pavan Kumar Jain
Company Secretary and Compliance Officer
Membership No. A66752
Venus Pipes & Tubes Limited
A Key Milestone in Pipe Spooling Business
Venus Pipes & Tubes receives Rs. 29 Crore Order Against Rs. 185 Crore LOI
from Data Centre Customer for Pipe Spooling solutions
Dhaneti, Gujarat – 30th October 2026 : Venus Pipes & Tubes Ltd, one of the leading stainless-
steel pipes / tubes manufacturers and exporters along with fittings in India announces today
the receipt of order worth Rs. 29 crore for pipe spooling from a data centre customer, forming
part of the Rs. 185 crore Letter of Intent (LOI) received earlier.
The order follows the commencement of operations at a part of the Company’s dedicated
pipe spooling manufacturing facility, which was commissioned ahead of the earlier planned
timeline of December 2026. With production already underway, the Company is positioned
to initiate execution and facilitate faster dispatch against the order.
The balance value under the LOI is expected to be converted into firm orders in a phased
manner. The Company plans to operationalise the remaining manufacturing capacity over the
next few months to support the anticipated business.
With increasing demand for end to end piping solutions, Company’s expansion into pipe
spooling represents an opportunity to broaden its value-added product portfolio and
strengthen its participation in emerging industrial segments.
Commenting on the same, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said,
“The conversion of the LOI into a firm order marks an important step in translating the
identified opportunity into business. We believe this order reflects the customer’s confidence
in our capabilities and the growing demand for value-added piping solutions in the data centre
infrastructure segment.
We are encouraged by the opportunity and expect the balance value under the LOI to be
converted into orders in a phased manner. Our pipe spooling capabilities will enable us to
expand our value-added product portfolio, cater to evolving customer requirements and
strengthen our presence across emerging industrial segments.”
About Venus Pipes & Tubes Ltd
(https://www.venuspipes.com/; BSE: 543528; NSE: VENUSPIPES)
Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless-steel pipes and tubes. The
company is into manufacturing of stainless steel tubes / pipes products along with fittings. Company
manufactures pipes / tubes in two broad categories - seamless tubes/pipes and welded tubes/pipes
under which five categories of products are manufactured namely, 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 sells products in both
domestic and international markets. Venus Pipes & Tubes exports its products to more than 30
countries including UK, US, Middle East and countries in the European Union, etc.
For more information, contact:
Company: Venus Pipes & Tubes Ltd. Investor Relations: Strategic Growth Advisors
E-mail: cs@venuspipes.com Mr. Sagar Shroff / Mr. Ayush Haria
M: +91 98205 19303 / +91 98204 62966
E-mail: sagar.shroff@sgapl.net / ayush.haria@sgapl.net
DISCLAIMER:
Certain statements that are made in the Press Release may be forward-looking statements. Such
forward-looking statements are subject to certain risks and uncertainties like significant changes in
economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might
differ substantially from those expressed or implied. Venus Pipes & Tubes Ltd. will not be in any way
responsible for any action taken based on such statements and discussions; undertakes no obligation
to publicly update these forward-looking statements to reflect subsequent events or circumstances.