MAN Industries (India) receives new order of INR 200 Crores from the Oil & Gas and Water sector
Order Book Stands at INR 1500 crores
Mumbai, 2nd August 2021:Man Industries (India) Limited, one of India’s leading Large Diameter Pipe manufacturing companies, has announced today that the Company has received a new order of INR 200 crores from the Oil & Gas and Water sector. With this recent announcement, the order book now stands at INR 1500 crores to be executed in the current financial year. This order reflects a robust business environment and showcases the trust customers have in Man Industries technological and execution capabilities.
On the new order announcement, Dr R. C. Mansukhani, Chairman, Man Industries (India) Limited, said, “As one of the leading players in the pipeline sector we continuously thrive to contribute to the country’s economy with support of new government reforms. Our business and order book continues to strengthen with orders secured across diverse sectors which further widens our client portfolio.”
Man Industries (India) Limited, holds an impeccable track record of uninterrupted profitability, dividend and meeting all its financial obligations in the most demanding 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.