MAN Industries order books surges by INR 500 crore

CRISIL upgrades MAN Industries credit ratings

New orders from Water, Oil and Gas segment, Order Book Stands at approximately INR 1250 crore.

Man Industries (India) Limited, one of India’s leading Large Diameter Pipe manufacturing companies has announced today that the company has received new orders of approx. INR 500 crore in both domestic and export markets of Oil and Gas as well as water segments. These orders are meant to be executed in 6 months. With these orders Man Industries order book now stands at approx. 1250 crore. The company has seen a strong growth trajectory with the addition of these orders and has successfully navigated the pandemic which has otherwise badly disrupted other sectors and industries.

On the new order announcement, Dr. R. C. Mansukhani, Chairman, Man Industries (India) Limited said “We continue to demonstrate great value and customer confidence which is reflective in the faith that they continue to bestow upon us. By bagging the new orders we are ensuring that we continue to contribute to the overall growth of the economy especially when India is focusing on the expansion of its pipeline network for oil and gas as well as water. These orders reflect company’s strong leadership position in the pipeline business and showcase the trust customers have in our technological and executional capabilities.”

The company holds an impeccable track record of uninterrupted profitability, dividend and meeting all its financial obligations in the toughest business environment.