MAN Industries gets orders worth Rs 800 crore
MAN Industries (India), one of the leading pipe manufacturing companies, has received new orders worth approximately Rs 800 crore from the Middle East and domestic customers for supply of large diameter pipes for the oil and gas sector. Out of this, the company has received confirmed financial arrangements for partial quantity and for the remaining quantity, financial arrangements will be made by the client in due course of time. With these new orders received by the company, the outstanding order book stands at approximately Rs 1,800 crore. The orders are to be executed over a period of the next 12-15 months. In addition to the above confirmed order the company has outstanding bids of over Rs 4,000 crore at various stages of evaluation for several other oil, gas and water projects in India and abroad.
RC Mansukhani, Chairman, Man Industries (India), said, "With the latest orders, we are confident of a good year ahead. We are sure of winning more orders in the near future, since our pipeline for the business is very strong."