Company Profile

Venus Pipes & Tubes has forayed into fittings business. By venturing into the fitting business, the company aims to further solidify its position as a trusted partner in the industrial landscape, providing high-quality fittings that meet the rigorous standards of reliability, durability, and performance that company’s clients have come to expect from it.

Meanwhile, the company is introducing specialized product line of stainless and titanium welded tubes. These specialized tubes represent critical innovation in an industry where such products are manufactured by only a select few players. The manufacturing process involves high precision engineering which makes it difficult for other players to enter the market. 

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

Reliance Industries (RIL), Viacom 18 Media Private (Viacom18) and The Walt Disney Company (Disney) have signed binding definitive agreements to form a joint venture (JV) that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India (SIPL) through a court approved scheme of arrangement. In addition, RIL has agreed to invest at closing Rs 11,500 crore ($1.4 billion) into the JV for its growth strategy.

Coal India has signed a joint venture agreement (JVA) with Bharat Heavy Electricals (BHEL) to form a Joint Venture Company to undertake Coal to Chemicals business by initially setting up a Coal to 2000 TPD Ammonium Nitrate Plant using BHEL’s in-house developed PFBG (Pressurized Fluidized Bed Gasification) technology.

Venus Pipes & Tubes has forayed into Fittings business and announces capacity expansion for Seamless & Welded Pipes & Tubes. The company is introducing a specialized product line of stainless and titanium welded tubes aimed at enhancing our competitive edge and profitability. 

Rudra Gas Enterprise has received two orders from Hindustan Petroleum Corporation (HPCL) amounting to Rs 9.96 crore (excluding taxes). The company has received first order for Laying of PE pipe network & associated works along with last mile connectivity and direct marketing agency for PNG connections in geographical areas of banka (Bihar), Dumka, Godda, Jamtara, pakur & Sahibganj districts of Bihar / Jharkhand. 

Ahasolar Technologies has received a work order for consultancy services for 148 Locations for preparation of Pre- Feasibility report including site survey, technical analysis and financial analysis for Grid connected Solar Photovoltaic Projects at various locations of Gujarat from Gujarat Urban Development Company. The whole consultancy service is priced at around Rs 37 lakh. The order is to be executed within one month.

Zodiac Clothing Company’s wholly owned subsidiary -- Zodiac Clothing Company SA has acquired 100% equity stake in Zela Technologies, INC, Delaware, USA. The company intends to develop technology product and using them for tech driven D2C studio business within Zodiac by creating fashion brands in the international market. 

Torrent Power has raised Rs 700 crore through allotment of Series 13 - 70,000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable and Non-Convertible Debentures (NCDs) at a coupon rate of 8.32% p.a. on February 28, 2024 on private placement basis. The said NCDs are proposed to be listed on Wholesale Debt Market Segment of National Stock Exchange of India.

Venus Pipes & Tubes is currently trading at Rs. 1868.60, up by 129.45 points or 7.44% from its previous closing of Rs. 1739.15 on the BSE.

The scrip opened at Rs. 1804.75 and has touched a high and low of Rs. 1889.00 and Rs. 1764.45 respectively. So far 47782 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,889.00 on 29-Feb-2024 and a 52 week low of Rs. 679.00 on 11-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1889.00 and Rs. 1633.00 respectively. The current market cap of the company is Rs. 3795.37 crore.

The promoters holding in the company stood at 48.68%, while Institutions and Non-Institutions held 13.06% and 38.26% respectively.

Venus Pipes & Tubes has forayed into fittings business. By venturing into the fitting business, the company aims to further solidify its position as a trusted partner in the industrial landscape, providing high-quality fittings that meet the rigorous standards of reliability, durability, and performance that company’s clients have come to expect from it.

Meanwhile, the company is introducing specialized product line of stainless and titanium welded tubes. These specialized tubes represent critical innovation in an industry where such products are manufactured by only a select few players. The manufacturing process involves high precision engineering which makes it difficult for other players to enter the market. 

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