Solar Power Expansion Details
- Venus Pipes & Tubes Limited has commenced operations of its additional 6.1 MW DC solar power unit
- The company invested approximately ₹22 crores in the new solar power unit
- The solar expansion is expected to generate annual power cost savings of approximately ₹6 crores
- With this commissioning, the company's total solar power capacity now stands at 7.4 MW DC
Strategic Objectives and Impact
- The solar power expansion strengthens the company's focus on renewable energy and cost efficiency
- Reduces dependence on conventional power sources
- Supports long-term objective of improving energy efficiency
- Aims to reduce overall power costs
- Reinforces commitment towards sustainable manufacturing
- Increases the share of renewable energy in company operations
Management Commentary
Arun Kothari, Managing Director, stated: "The commencement of additional 6.1 MW DC solar power unit is an important step towards strengthening our renewable energy footprint and improving the cost efficiency of our operations. We remain committed to increasing the use of renewable energy while building a more efficient and sustainable manufacturing platform."
Company Background
Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless-steel pipes and tubes along with fittings. The company manufactures products in two broad categories: seamless tubes/pipes and welded tubes/pipes, which include five product categories: stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless-steel LSAW pipes. The company sells products in both domestic and international markets, exporting to more than 30 countries including UK, US, Middle East, and European Union countries.