Shares of Venus Pipes surged by nearly 8% as the company announced its entry into the fittings business, marking a significant expansion of its product offerings. As of 10:00 am the shares were trading 7.56% higher at ₹1,866.90.
Fittings play a crucial role in piping systems, facilitating the connection, redirection, and control of fluids or gases within industrial environments. By embracing this strategic expansion, Venus Pipes aims to strengthen its foothold in the industrial sector and cater to evolving customer demands.
Arun Kothari, Managing Director of Venus Pipes & Tubes, emphasized the strategic rationale behind this move, stating, “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.”
