MAN Industries (India) Bags New Orders worth Rs 350 Cr
Man Industries (India) Ltd, one of India’s leading large diameter pipe manufacturing companies, has secured different orders worth Rs 350 crore for the supply of pipes to the Oil & Gas sector.
November 12, 2021. By Manu Tayal
With this recent announcement, the order book of the company now stood at Rs 1,350 crore, to be executed in six to seven months.
The company in a statement said that “these new orders depict a strong mounting business environment and showcase the trust customers have in Man Industries’ state of the art technologies, industry expertise, and execution capabilities.”
Commenting on the new order announcement, Dr. R. C. Mansukhani, Chairman, Man Industries (India) Ltd, 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.
Man Industries (India) Ltd is the flagship company of Man Group, promoted by the Mansukhani family in 1970, and growing under the 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 a total combined capacity of 1 Million Metric Tonnes p.a for LSAW and HSAW Pipes.
Man Industries (India) Ltd has been a profit-making company since its 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.
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