MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing company has received orders worth approx. Rs. 550 crores from domestic and international customers for supply of pipes for Oil and Gas sector projects.
With these new orders the outstanding order book as on date stands at approx Rs. 1600 crores. This will result in significant improvement in performance in the second half of the current financial year.
The company has also received vendor approval from several new customers in Oil and Gas sector globally and participated in various bids. The company has outstanding bids over USD 2 billion at various stages of evaluation for several other Oil, Gas and Water projects in India and abroad. The company therefore expects good order inflow in near future from the outstanding bids which are at various levels of evaluation by the clients.
The company has also initiated the process for upgradation of its Pithampur plant to produce very large diameter pipes (upto 130”) to cater to the upcoming mega drinking water supply, river linking and irrigation projects in MP, Rajasthan and U.P. The upgradation will be completed by Dec.2014.
ABOUT MAN GROUP:
MAN Industries (India) Ltd., an ISO 9001 / 14001 / 18001 accredited Company, is a leading manufacturer of SAW Pipes (Line Pipes) and Coating Systems for high-pressure Oil & Gas applications with a potential production capacity of approximately one million MT of SAW pipes per annum.
The Company is a part of the well diversified MAN Group, growing under the dynamic leadership of Mr. 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. MAN Industries operations are spread globally with offices in U.K. and U.A.E. besides India.
The shares of the Company are listed with Bombay Stock Exchange and National Stock Exchange.