Man Industries (India) Limited on Monday announced that it has bagged new orders worth approximately Rs 525 crore for supply of various types of pipes. “We are pleased to inform you that the company has received new orders of approximately Rs 525 crore,” it said in a regulatory filing. “This order reflects the robust business environment and showcases the trust of the customers they have in the company’s technological and executional capabilities.” it added.
Managing Director of Man Industries, Nikhil Mansukhani said, “Being integral to multiple projects, these orders stand as a testament to Man Industries’ advanced technological capabilities and robust execution and delivery strategies. We foresee more to come this year, as our plans continue to be ambitious.”
The total unexecuted order book stood at approximately Rs 1600 crore to be executed in 6-7 months. The company has received orders of Rs 925 with one quarter. Man Industries had announced an order of Rs 400 crores in January this year for multiple grades of steel pipes from multiple projects.
Man Industries further stated that the company has been awarded with the Certificate of Appreciation for being top exporter of Kandla Customs for the financial year 2023-24 for its work undertaken in the field of export.
Earlier in November 2023, it had said that the company received new orders worth approximately Rs 380 crore. The year 2023, it added, 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.