MAN Industries, on July 8, has received a prestigious line pipe order of approximately Rs. 1,850 crores, which is the largest single order in the company’s history. The company informs the exchange on July 8, share price rallied by ~8% to Rs.497.80 LTP (Last traded price) as per 12.30 pm, July 8.
MAN Industries receives order worth INR 1,850 Crores from a top-tier international Oil & Gas company. This order entails supplying API 5L grade line pipes for an offshore project.
With this order, Man Industries’ order book will surpass INR 4,000 crores, with exports contributing nearly INR 3,650 crores. Additionally, the company is actively bidding for approximately USD 1.5 Billion worth of line pipe projects for upcoming domestic and international ventures.
Man Industries was started as aluminium extruder in 1988. The company slowly became one of the largest players in LSAW and Spirally Welded Pipes and Coating Systems. The company’s state-of-the-art manufacturing facilities have a combined capacity of 1 Million metric tonnes per annum for LSAW and HSAW Pipes and 0.2 million metric tonnes per annum for ERW Pipe.
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