Monday, September 7, 2020

MAN Industries (India) Ltd receives Rs.370 crores worth of new order from IHB Pvt. Ltd.

Order Book Stands at approx. Rs.1,800 Crore


Mumbai, September 7 2020: MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing companies has announced today that the company has received a new order of approx. Rs. 370 crores from IHB Pvt. Ltd. a joint venture of Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation Limited (HPCL). This order is meant to be executed in the current financial year.


On the new order announcement, Dr. R. C. Mansukhani, Chairman, Man Industries (India) Limited said, “There has been an increased dependence on LPG which further increases the importance of the use of pipelines. By bagging the new order we are ensuring that we are part of the overall growth of the economy and are on-course of continuous growth that can be witnessed by our current order book. This is the second order that we have received within a month’s time and will help us to accelerate our company’s growth path.”


The company holds an impeccable track record of uninterrupted profitability, dividend and meeting all its financial obligations in the toughest business environment. Meanwhile, the company’s plants are now fully operational.

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