India, May 9 -- Venus Pipes & Tubes Limited, a leading manufacturer and exporter of stainless steel pipes and tubes in India, has received a Letter of Intent (LOI) worth approximately Rs190 crore (excluding GST) from one of India's top integrated power plant equipment manufacturers. The LOI pertains to the supply of stainless steel seamless boiler tubes for a series of Supercritical and Subcritical Thermal Power Projects across the country.
The formal purchase order is expected to be issued shortly, with execution scheduled over the next 12–15 months.
Expressing his views on this development, Mr. Arun Kothari, Managing Director of Venus Pipes & Tubes Ltd, said:
"We are pleased to announce this significant order, which highlights the...