Venus Pipes starts pipe spooling production on 20 October, ahead of December plan

Venus Pipes & Tubes began commercial production at its pipe spooling facility on 20 October. Sahi reported a ₹185 crore data-centre letter of intent behind the early start.

Price, Monday's close₹1,831.70▼ 4.07%

Last 5 days

52-week low ₹890.0052-week high ₹2,347.90

Sector: Steel pipes and tubes

What happened

The pipe spooling facility became operational on 20 October 2026, according to Whalesbook and Sahi. Sahi said that was ahead of the December 2026 schedule and located the plant at Dhaneti, Gujarat.
Sahi said the plant was built to shorten lead times for a ₹185 crore data-centre order from an unnamed customer, and that conversion of the letter of intent into purchase orders was expected to begin in the coming days. Whalesbook's report did not mention the letter of intent.
Sahi said the remaining spooling capacity will be brought on in phases over the coming months. Whalesbook published at 1:58 PM on Tuesday and Sahi at 6:58 PM.
The shares closed at ₹1,831.70 on Monday, down 4.07%, per Zerodha Kite; NSE was shut on Tuesday.

Why it matters

A letter of intent is not a purchase order, and only Sahi reports the ₹185 crore figure.

Good to know: Pipe spooling is the work of cutting, welding and assembling pipes into ready-to-install sections, which are then fitted on site.

Key facts

Commercial production began: 20 October 2026
Original schedule: December 2026, per Sahi
Data-centre letter of intent: ₹185 crore, per Sahi only

Read the source

This is a summary of public news about Venus Pipes & Tubes, for information only. It is not a recommendation to buy, sell or hold VENUSPIPES.