Venus Pipes forays into fittings business, approves 175 crore capex via warrants, debt [Video]

Venus Pipes & Tubes Ltd., a stainless steel pipes and tubes manufacturer and exporter has announced its foray into the fittings business. It has also announced expansion of its capacity for seamless & welded pipes and tubes.

Fittings are essential components in piping systems, which allow for connection, redirection and control of fluids or gases within industrial environments. Through this foray, the company aims to solidify its position in the industrial business.

“Fittings complement our existing pipes business and enable us to offer complete PFF (Piping, Fittings & Flanges) solutions to customers across various industries. This expansion diversifies our product portfolio and reinforces our commitment to provide comprehensive piping solutions to our customers,” Arun Kothari, MD of Venus Pipes & Tubes was quoted as saying.

Additionally, the company will introduce a specialised product line of stainless and titanium welded tubes, which is likely to enhance the company’s profitability. The capacity …