Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press release for 'Capacity Expansion for bigger diameter tube mill

8 days ago



Sentiments detected

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  • Venus Pipes & Tubes Limited Capacity Expansion for bigger diameter tube mill Dhaneti, Gujarat, September 21 th , 2022: Venus Pipes & Tubes Ltd, leading manufacturer of stainless pipes and tubes, has approved a capacity expansion of Rs. 50 crores for bigger diameter Tube Mill to manufacture stainless steel welded pipes.

  • This new line will increase the existing welded pipes range to maximum 20” inch (508mm) diameter and thickness up to SCH80s with a capacity by 700 mt per month.

  • Post completion of both these capacity expansion projects the total Welded capacity will increase by almost 3 times from current 700 MT per month to 2,000 MT per month by FY24.

  • Commenting on the expansion, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said, “Post the commissioning of this project, we will be the amongst the very few manufacturers in the India & World to have tube mill capacity of manufacturing this size which is an important milestone in our growth journey.

  • With revival of capex cycle in India leading to robust demand for our products across End User Industries, this capacity expansion will give us an edge and will help to captured more market in this segment With a base of approximately 58 clientele amongst the Fortune 500 companies in India, we are making ourselves a first reference and preference in stainless steel pipes and tubes manufacturer and our goal is to increase our presence further in this domain.”

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    Important keywords detected (20+)

    pipes (19)
    tubes (15)
    pipes tubes (11)
    stainless (9)
    capacity (9)
    month (9)
    expansion (8)
    steel (8)
    welded (8)
    stainless steel (8)
    tube (6)
    project (5)
    products (5)
    statements (5)
    india (4)
    diameter (4)
    mill (4)
    tube mill (4)
    capacity expansion (4)
    welded pipes (4)

    Organizations identified (2+)

    the European Union (1)

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