Venus Pipes & Tubes announced its foray into fittings business and announced capacity expansion for seamless and welded pipes and tubes. In phase 1, the company will invest Rs 115 crore to set up capacity for fittings and welded tubes by March 2025. In phase 2, the company will invest Rs 60 crore to set up capacity for fittings, seamless and welded pipes and tubes by December 2025. Powered by Capital Market - Live News

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 28 February 2024.Powered by Capital Market - Live News

Net profit of Venus Pipes & Tubes rose 106.38% to Rs 23.28 crore in the quarter ended December 2023 as against Rs 11.28 crore during the previous quarter ended December 2022. Sales rose 52.18% to Rs 207.13 crore in the quarter ended December 2023 as against Rs 136.11 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales207.13136.11 52 OPM %18.8512.88 - PBDT34.8515.58 124 PBT31.1715.06 107 NP23.2811.28 106 Powered by Capital Market - Live News

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 29 January 2024.Powered by Capital Market - Live News

Venus Pipes & Tubes announced that the Board of Directors of the Company at its meeting held on 26 October 2023, inter alia, have recommended the interim dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live News