The early commissioning marks an important milestone in the Company’s expansion into value-added pipe spooling solutions. By commencing production ahead of schedule, company aims to establish manufacturing readiness in advance of anticipated customer order, enabling faster execution and dispatch once order is received.
The Company has received a Letter of Intent (LOI) worth Rs. 185 crore from a data centre customer for pipe spooling solutions. Conversion of the LOI into firm orders is expected to commence in the coming days, with the balance manufacturing capacity planned to be operationalised in a phased manner over the next few months.
Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said, “The commencement of pipe spooling operations ahead of schedule marks an important step in our expansion into value-added piping solutions. We have taken this step proactively to establish production readiness ahead of the anticipated conversion of our LOI into firm order.
This will help us reduce lead times and facilitate faster execution and dispatch once orders are received.
We expect the conversion of the LOI into orders to begin in the coming days and plan to operationalise the remaining capacity over the next few months. We believe this approach will strengthen our ability to respond to customer requirements and expand our participation in the growing data centre infrastructure segment.”
