Man Industries secures Export Orders for Pipes

Man Industries India Ltd has announced that the Company has received some more export orders aggregating to Rs 220 crores including order from fortune 500 Oil and Gas Major Petronas, Malaysia. These orders are for LSAW pipes.

Adding further, Mr. K G Mantri, Sr. Vice President-Corporate Affairs said "With these new orders the order book position stands at Rs 2400 crores. In addition to this the Company has bid for several large projects globally for approx. value of USD one Billion and expects to improve the order book position substantially in the coming months as most of these bids are at an advanced stage of evaluation."

After the commissioning of a state-of-the-art line pipe and coating complex at Anjar (Gujarat) in the year 2005, which is the Company's second facility in the country, the company has emerged out as a prominent manufacturer of line pipes and coating system on a global level with a total installed capacity to manufacture over 2500 KM of Line Pipe and over 5.00 Million Sq. Meters of Coating Systems every year.

The Company is already in advanced stage of adding two more production lines at its Anjar complex and one of which will be commissioned in the next month and other in the second half of the current year.

The Company is executing various major contracts for manufacture and supply of line pipes and coating systems to various clients in India and abroad.

Source : Equity Bulls

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