Venus Pipes & Tubes Limited has informed the Exchange regarding a press release dated May 08, 2025, titled "Press Release".
VENUSPIPES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.1 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Venus Pipes & Tubes has received a Letter of Intent (LOI) worth approximately Rs 190 Crores (excluding GST) from one of India's leading integrated power plant equipment manufacturers. The order is for Stainless Steel Seamless Boiler Tubes used in supercritical and subcritical thermal power projects. The formal purchase order is expected shortly, and execution will happen progressively over the next 12-15 months. The transaction is at arm's length and not a related party deal. Venus Pipes is a leading stainless steel pipes and tubes manufacturer exporting to over 25 countries.
This is a sizeable single order (likely over 20% of annual revenue) that provides strong revenue visibility for the next 12-15 months and reinforces the company's position in the domestic power infrastructure segment, which is positive for near-term earnings outlook.