Venus Pipes climbs on starting commercial operations of fittings facility
Venus Pipes & Tubes is currently trading at Rs. 1466.85, up by 45.40 points or 3.19% from its previous closing of Rs. 1421.45 on the BSE.
The scrip opened at Rs. 1435.05 and has touched a high and low of Rs. 1476.95 and Rs. 1427.05 respectively. So far 3877 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1682.95 on 10-Jul-2025 and a 52 week low of Rs. 888.45 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1,479.10 and Rs. 1,212.50 respectively. The current market cap of the company is Rs. 3036.88 crore.
The promoters holding in the company stood at 48.41%, while Institutions and Non-Institutions held 20.20% and 31.38% respectively.
Venus Pipes & Tubes has commenced commercial operations of its fittings facility along with the commissioning of additional seamless pipes/tubes capacity on May 26, 2026. The company has successfully commissioned seamless pipes/tubes expansion project with an additional capacity of 4,200 MTPA under the current phase. With this, the total seamless pipes/tubes capacity added under the overall expansion program now stands at 6,000 MTPA (higher than 4,800 MTPA initially planned), including the 1,800 MTPA capacity commissioned in November 2025.
Alongside this, the company has also commissioned equivalent capacity of Mother Hollow Pipes as part of its backward integration for seamless pipes. The additional capacity expansion was undertaken considering the demand outlook. Further, the company has also commenced operations at its fitting’s facility, marking a significant step in its strategy of forward integration and expansion into value-added product categories.
Both the fittings business and seamless pipes/tubes expansion are focused on enhancing the company’s value-added product portfolio and strengthening its positioning as a comprehensive stainless steel piping solutions provider catering to multiple end-user industries. These additions are expected to improve the company’s product mix, deepen customer engagement and support long-term growth opportunities across sectors including Power, Oil & Gas, Chemicals, Engineering and emerging industries such as Data Centers and Semiconductor manufacturing.
