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Venus Pipes & Tubes (Venus) reported better than expected performance in Q3FY23-24, with most of its capital expenditure capex being completed. It has started reaping its benefit, with margin expansion.
Vibhor manufactures and exports mild steel and carbon steel ERW (electric resistance welded) black and galvanized pipes, hollow steel pipes, cold rolled (CR) steel strips and coils.
Investment must reads we found this week for wealth advisors involving ETFs, mutual funds, venture capital, private equity and other alternative investments.
Sterling & Wilson Renewable Energy (S&W) faced turbulent times during the COVID period with increasing debt, delays in execution and cost escalation leading to losses on operational level.
Jindal SAW’s Q3FY23-24 earnings were strong, with exceptional margin expansion due to increased turnover and other factors which is unlikely to sustain. The current order-book has increased to US$1.49bn (billion) compared to US$1.44bn earlier excluding the UAE and Gulf subsidiaries.