Man Industries said with this new order the unexecuted order book as on date stands at approximately Rs 1900 crore"The company has received a new order worth Rs 766 crore from the domestic hydrocarbon sector". Man Securing a global supply chain: why an India-UK trade deal will be key.
April 12, 2021. By News Bureau
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 766 crores from the domestic Hydrocarbon sector. With this recent announcement, the order book now stands at INR 1900 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, “The Pipeline sector is one of the key contributors to the economy. Our commitment to the industry demonstrates our proficiencies and our focus on expanding the hydrocarbon sector pipeline with support from significant government policies. With this new order, we are assured of building and contributing to the overall growth of the Indian economy.”
The Company has an outstanding bid book of more than INR 10,000 crores in the domestic and international market.
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
Demand and Willingness to Pay More for High Integrity Credits has Increased in the Market