Brief: Venus Pipes & Tubes Calls Duty On Seamless Pipes Announced Recently A Positive Move
31/01/2023 14:01
Jan 31 (Reuters) - Venus Pipes & Tubes Ltd VENS.NS :
* DUTY ON SEAMLESS PIPES ANNOUNCED RECENTLY POSITIVE MOVE,
LIKELY
TO BOOST DOMESTIC UTILIZATION OF PLAYERS
* EXPORTS SHARE FOR QUARTER SUPPRESSED DUE TO IMPACT BY
INFLATIONARY ENVIRONMENT, GEOPOLITICAL TENSIONS
* THIS IS A SHORT-TERM IMPACT, ESTIMATE THIS TO REBOUND IN
THE
COMING QUARTERS IN FY24
Source text for Eikon: ID:nBSE94LRbB
Further company coverage: VENS.NS
((reuters.briefs@thomsonreuters.com;))
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