Man Industries Wins Rs. 1,000 Cr. Pipe Supply Orders in India and Overseas

Man Industries (India) Limited, a manufacturer of large-diameter carbon steel pipes and Electric Resistance Welded (ERW) pipes, has secured new supply orders in India and overseas. The company has won these orders along with its step-down subsidiary, National Pipe Company Limited.

Scope of work under these orders includes the supply of various types of pipes. The total value of the orders stands at Rs. 1,000 crore, of which National Pipe Company has secured orders worth Rs. 700 crore in Saudi Arabia. The remaining orders, valued at Rs. 300 crore, have been secured by Man Industries [It is not clear if Man Industries orders come purely from India or from different countries]. These orders are expected to be executed within a period of 6 to 9 months.

However, the companies have not disclosed any further details regarding the nature of the projects or the customers associated with these orders.

With these newly secured orders, the company’s consolidated unexecuted order book has increased to approximately Rs. 4,100 crore.