Venus Pipes & Tubes files FY26 sustainability report with BSE and NSE
- Venus Pipes & Tubes filed its FY26 BRSR, reporting exports at 34.28% of turnover
- Energy consumption rose to 213,011 GJ with renewable share increasing to 7,639 GJ
- GHG emissions (Scope 1+2) totalled 22,148.36 metric tons CO2e, up from 16,526 tons
- LTIFR improved to 0.66 for employees and 1.18 for workers, with zero fatalities
- Zero liquid discharge maintained; water withdrawal increased to 67,709.53 kiloliters
*this image is generated using AI for illustrative purposes only.
Venus Pipes & Tubes has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the Bombay Stock Exchange and National Stock Exchange of India. The filing outlines the company's operational footprint, environmental performance, and safety metrics for the financial year ended March 31, 2026.
The report covers standalone operations, including the manufacturing facility in Dhaneti, Gujarat, and marketing offices across India. Exports accounted for approximately 34.28% of total turnover, with seamless pipes contributing 58% and welded pipes 36% to sales. The company serves over 80 Fortune 500 companies in India and exports to 35 countries.
Environmental Performance
Total energy consumption rose to 213,011 GJ in FY26 from 176,807 GJ in FY25. Renewable energy consumption increased to 7,639 GJ from 7,376 GJ, driven by a 1.3 MW DC captive solar power plant. Non-renewable consumption grew significantly to 205,372 GJ, primarily due to higher usage of Piped Natural Gas (PNG), which reached 131,146 GJ compared to 118,986 GJ in the prior year.
Greenhouse gas emissions (Scope 1 and Scope 2) totalled 22,148.36 metric tons of CO2 equivalent, up from 16,526 metric tons in FY25. The company maintains Zero Liquid Discharge (ZLD) operations, with zero water discharged externally in FY26. Total water withdrawal increased to 67,709.53 kiloliters from 50,599 kiloliters.
Safety and Employee Metrics
The Lost Time Injury Frequency Rate (LTIFR) improved substantially. For employees, LTIFR fell to 0.66 per million person-hours from 2.4 in FY25. For workers, it declined to 1.18 from 4.3. Total recordable work-related injuries dropped to 20 (5 employees, 15 workers) from 55 in the previous year. There were no fatalities or high-consequence injuries reported.
The workforce comprises 477 permanent employees and 1,192 workers. Female representation among permanent employees stands at 4.61%. The company reported a 13.90% turnover rate for permanent employees in FY26, up from 9.99% in FY25.
Governance and CSR
Venus Pipes & Tubes reported no fines, penalties, or regulatory non-compliances during FY26. No complaints were received regarding sexual harassment, discrimination, child labour, or forced labour. The company spent ₹0.020% of revenue on employee well-being measures.
CSR initiatives focused on healthcare, education, nutrition, and rural development. The company confirmed that all statutory dues were deposited and that human rights clauses are integrated into business contracts. No independent external assessment was conducted for the ESG data in this reporting period.
Historical Stock Returns for Venus Pipes & Tubes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.55% | -1.46% | -9.44% | +41.39% | +15.46% | +334.85% |
How will the significant rise in Scope 1 and 2 greenhouse gas emissions impact Venus Pipes & Tubes' ability to meet future regulatory carbon pricing or net-zero targets?
What specific strategies is the company implementing to address the increase in permanent employee turnover from 9.99% to 13.90% in FY26?
Given the low female representation of 4.61%, what diversity and inclusion initiatives are planned to improve gender balance in the workforce over the next fiscal year?
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