Venus Pipes receives BIS approval for stainless steel seamless pipes; stock hits fresh high

12 Sept 2022 , 03:41 PM

Venus Pipes & Tubes Limited, a prominent producer of stainless pipes and tubes, announced that they are the first Indian firm to be accredited by the Bureau of Indian Standards (BIS) for stainless steel seamless and welded pipes and tubes. This AIF Circular was allotted to the Rajkot Branch in accordance with IS 17876: 2022 and IS 17875: 2022.

Following this development, company’s counter hit a new 52-week high of Rs469.10.

Arun Kothari, Managing Director of Venus Pipes & Tubes Limited, commented on the company's achievement, "We are extremely delighted and proud to announce that your company has received an All India First (AIF) Manufacturer to receive Bureau of Indian Standards (BIS) approval for Stainless Steel Seamless and Welded Pipes & Tubes."

He added, “At Venus, we give utmost importance to quality and consistency as we have an in-house quality control team for our goods, and this approval is legitimate proof of the company’s high-quality products and production methods for Pipes & Tubes.”

These licenses will allow us to grow our customer base and better service our existing clientele. We are proud of our teammates, and their dedication to providing high-quality service has paid off, expressed Kothari.

At around 10.31 AM, Venus Pipes was trading 5.53% higher at Rs461.05, against previous close of Rs436.90 on NSE. 

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