Man Industries India Ltd's new ERW plant certified by API to manufacture ERW pipes

Man Industries (India) Limited's New ERW Plant at Anjar, Gujarat, has recently been Certified by API to manufacture Electric Resistance Welded (ERW) Pipes, complementing its existing approvals for Helical and Longitudinal Submerged Arc Welded Carbon Steel Pipes.

Further, in the mission of high value products, the Company has also commenced the commercial production of Hot Induction Bends and the Company has also got three Prestigious International Orders.

This certification reaffirms the company's commitment to upholding global industry standards, ensuring product quality, safety, and efficiency. Recognized worldwide, API Standards play a vital role in enhancing the safety and reliability of operations within the oil and gas sector.

Further, the company would focus on participating in upcoming API ERW pipeline tenders, which will eventually strengthen the financial health of the company.

Shares of Man Industries (India) Limited was last trading in BSE at Rs. 399.00 as compared to the previous close of Rs. 406.80. The total number of shares traded during the day was 14886 in over 318 trades.

The stock hit an intraday high of Rs. 412.70 and intraday low of 392.10. The net turnover during the day was Rs. 5954758.00.

Source : Equity Bulls

Keywords

ManIndustriesIndia INE993A01026 ERWPlant Certification API ERWPipes