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MoneyWorks4Me

Venus Pipes & Tubes receives LoI worth Rs 190 crore

09 May 2025 Evaluate

Venus Pipes & Tubes has received Letter of Intent (LoI) from one of India’s leading integrated power plant equipment manufacturers for Stainless Steel Seamless Boiler Tubes used in series of Supercritical and Subcritical Thermal Power Projects worth around Rs 190 crore (excluding GST). Formal order will be released shortly and is expected to be executed progressively during next 12-15 months. 

Venus Pipes & Tubes is a manufacturer and exporter of stainless-steel pipes and tubes.


Peers
Company Name CMP
JSW Steel 1310.00
Tata Steel 177.15
Steel Authority 165.10
Jindal Stainless 679.10
APL Apollo Tubes 2148.10
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