
Business Update30 Oct 2026, 07:11 pm
Venus Pipes Gets ₹29 Cr Order from Data Centre Customer
AI Summary
Venus Pipes & Tubes Ltd has received an order worth ₹29 crore for pipe spooling from a data centre customer. This order is part of a larger ₹185 crore Letter of Intent (LOI) previously announced. The company has commenced operations at its dedicated pipe spooling manufacturing facility, enabling faster execution and dispatch. The remaining value of the LOI is expected to be converted into firm orders in phases. This expansion into pipe spooling aims to broaden the company's value-added product portfolio and strengthen its presence in emerging industrial segments like data centre infrastructure.
Key Highlights
- Received ₹29 crore order for pipe spooling from a data centre customer.
- Order is part of a ₹185 crore LOI, with balance expected to convert.
- Pipe spooling facility operations commenced ahead of schedule.
- Expansion targets value-added products and emerging industrial segments.
Price Impact
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