Order Book Stands at INR 1350 crores
Mumbai, 12th November 2021: Man Industries (India) Limited, one of India’s leading Large Diameter Pipe manufacturing companies, has announced today that the Company has bagged different orders of INR 350 crores for supply of pipes to the Oil & Gas sector. With this recent announcement, the order book now stands at INR 1350 crores to be executed in six to seven months. These new orders depict a strong mounting business environment and showcases the trust customers have in Man Industries’ state of the art technologies, industry expertise and execution capabilities.
On the new order announcement, Dr R. C. Mansukhani, Chairman, Man Industries (India) Limited, said, “By seizing the new orders we ensure to grow larger and contribute to the overall industry and economic growth. With the support of our well qualified employees and experience in serving the oil & gas sector we shall deliver the order within the timeline and further strengthen our position in the competitive market space.
The company holds an impeccable track record of uninterrupted profitability, dividend and meeting all its financial commitments in the challenging and growing business environment.
ABOUT MAN GROUP
Man Industries (India) Ltd. is the flagship company of Man Group, promoted by the Mansukhani family in 1970. The Company is a part of the well diversified MAN Group, growing under the dynamic leadership of Dr. R. C. Mansukhani. Starting as an Aluminium Extruder in 1988, MAN Industries has now become one of the largest players in LSAW Pipes, Spirally Welded Pipes and Coating Systems.
It has state of the art manufacturing facilities with the total combined capacity of 1 Million Metric Tonnes p.a for LSAW and HSAW Pipes and is dedicated to highest Operating and Quality standards, environment protection and Occupational Health & Safety Standards and is accredited by ISO-9001, ISO 14001 & OHSAS 18001 certification. The shares of the Company are listed with Bombay Stock Exchange and National Stock Exchange.
Man Industries (India) Limited has been a profit-making company since inception and also a consistent dividend paying company. The company holds an excellent track record of promptly meeting its financial obligations in a timely manner in the toughest market conditions.