Venus Pipes & Tubes Limited has informed the Exchange regarding a press release dated May 08, 2025, titled "Press Release".
VENUSPIPES · price
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Awaiting price reaction for this filing.
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.