Venus Pipes and Tubes Ltd 2023 AR2
The report highlights Venus Pipes & Tubes Limited's financial and operational performance for the fiscal year 2022-23, marking its first year as a listed company. The company achieved its highest-ever annual revenue of ’552 crore and EBITDA of ’69 crore, driven by a 74% volume increase in high-margin seamless pipes. Key strategic initiatives included capacity expansion plans to reach 33,600 MTPA and backward integration through a new piercing line for hollow pipes. On the sustainability front, the company integrated ESG principles into its operations, initiated the installation of an Acid Regeneration Plant to reduce chemical consumption, and spent ’0.55 crore on CSR projects.
Company: Venus Pipes and Tubes Ltd
Sector: Materials
Country: India
Year: 2023
Type: AR2
Pages: 200
Venus Pipes and Tubes Ltd
Annual Report
The report highlights Venus Pipes & Tubes Limited's financial and operational performance for the fiscal year 2022-23, marking its first year as a listed company. The company achieved its highest-ever annual revenue of ’552 crore and EBITDA of ’69 crore, driven by a 74% volume increase in high-margin seamless pipes. Key strategic initiatives included capacity expansion plans to reach 33,600 MTPA and backward integration through a new piercing line for hollow pipes. On the sustainability front, the company integrated ESG principles into its operations, initiated the installation of an Acid Regeneration Plant to reduce chemical consumption, and spent ’0.55 crore on CSR projects.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Published
Sep 1, 2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees