MAN Industries Secures Prestigious INR 1,700 Crores Line Pipe Order for Gas Pipeline Project

MAN Industries (India) Limited, one of India's leading Large Diameter Pipe manufacturing companies, is pleased to announce the receipt of a prestigious export order valued at approximately INR 1,700 Crores from a top-tier international client.

This order significantly demonstrates the Company's robust strength and market credibility in global markets and highlights MAN Industries' growing reputation as a trusted supplier in the international pipeline industry. The order entails supplying different types of coated pipesto a respected international customer, with execution expected within the next 6 to 12 months.

Furthermore, this order involves value-added SAW pipes with advanced coatings, offering higher realizations and strong margins.

With this new order, the Company's total unexecuted order book has reached an all-time high of INR 4,700 Crores, reflecting continued customer confidence in its technological expertise, quality assurance, and execution capabilities. Exports contributing ~80%+ of the orderbook. Additionally, the Company is actively bidding for ~15,000+ crore worth of line pipe projects across domestic and international markets.

Mr. Nikhil Mansukhani, Managing Director of MAN Industries, said, "This prestigious order is a strong reaffirmation of our technological leadership, global credibility, and unwavering commitment to product excellence and timely execution. We are confident of sustaining this momentum through the year and remain on track to deliver the guided 20% topline growth for this fiscal, while continuing to serve both domestic and international markets with distinction. In parallel, our expansion projects in Saudi Arabia and Jammu are progressing well, which will further strengthen our global footprint, enable synergistic product diversification, and expand domestic capacity to meet the rising demand."

Shares of Man Industries (India) Limited was last trading in BSE at Rs. 414.45 as compared to the previous close of Rs. 388.50. The total number of shares traded during the day was 146974 in over 4991 trades.

The stock hit an intraday high of Rs. 431.50 and intraday low of 396.70. The net turnover during the day was Rs. 61664331.00.

Source : Equity Bulls

Keywords

ManIndustriesIndia INE993A01026 OrderWin GasPipelineProject