MoneyWorks4Me

Man Industries bags orders worth Rs 500 crore

17 Feb 2012 Evaluate

Man Industries (India), one of the leading pipe manufacturing company has received export orders worth approximately Rs 500 crore from Middle East for supply of large diameter pipes for Oil and Gas sector.

With these new orders received, the company’s outstanding order book stands at approximately Rs 1,600 crore. The orders are to be executed over a period of next 9 to 12 months.

In addition to the above confirmed order the company has outstanding bids over Rs 4,500 crore at various stages of evaluation for several other Oil, Gas and Water projects in India and abroad.

Man Industries is an ISO 9001/14001/18001 accredited company, is a leading manufacturer of SAW Pipes and coating system for high pressure Oil & Gas applications with a potential production capacity of approximately one million MT of SAW Pipes per annum.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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