Man Industries on Monday announced that it has received new orders worth approximately Rs 380 crore. “The total unexecuted order book as on today stands at approximately Rs 1400 crore to be executed in 6 months,” the company said in a regulatory filing.
The latest contract is for the supply of various types of pipes, it added. The order reflects the robust business environment and showcases the trust of the customers they have in the company’s technological and executional capabilities.
Earlier last month, the Large Diameter API Pipe manufacturer had secured an order worth approximately Rs 400 crore from domestic clients. Their current unexecuted order book, totalling Rs 1,600 crore, is set to be completed within the next six months.
The year has witnessed significant achievements for the company, including the inauguration of their ERW Pipes plant in Anjar, Gujarat, and the attainment of BIS and ISO Certifications.
Dr RC Mansukhani, Chairman, MAN Industries (India) Limited, had said that the substantial growth of the order book solidifies the company’s industry leadership and underscores the trust clients have in its capabilities. These new orders are seen as an opportunity to further strengthen the company’s business and contribute to the growth and development of the nation, he added.