-MAN Industries (India) Ltd receives Rs.405 crores worth of new export order Order Book Stands at approx. Rs.1,800 Crore
MAN Industries (India) Ltd receives Rs.405 crores worth of new export order
Order Book Stands at approx. Rs.1,800 Crore
Chennai, August 19, 2020: MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufa cturing companies has announced today that the company has received a new export order of approx. Rs. 405 crores. With this, the total unexecuted order book of the company stands at approx. Rs. 1,800 Crores, out of which 80% is exports. These orders are meant to be executed in the current financial year.
Commenting on this, Dr. R. C. Mansukhani, Chairman, Man Industries (India) Limited said, “Despite the ongoing crisis and challenging business environment globally, we are striving to grow our order book and increase the capacity utilization. This order win is testament to our commitment towards creating sustainable value for our shareholders and improve the overall returns for the Company.”The company holds an impeccable track record of uninterrupted profitability, dividend and meeting all its financial obligations in the toughest business environ ment. Meanwhile, the company’s plants are now fully operational.
ABOUT MAN GROUP
Man Industries (India) Ltd. is the flagship company of Man Group, promoted by the Mansukhani family in 1970. The Company is a part of the well diversified MAN Group, growing under the dynamic leadership of Dr. R. C. Mansukhani. Starting as an Aluminium Extruder in 1988, MAN Industries has now become one of the largest players in LSAW Pipes, Spirally Welded Pipes and Coating Systems.
It has state of the art manufacturing facilities with the total combined capacity of 1 Million Metric Tonnes p.a for LSAW and HSAW Pipes and is dedicated to highest Operating and Quality standards, environment protection and Occupational Health & Safety Standards and is accredited by ISO-9001, ISO 14001 & OHSAS 18001 certification. The shares of the Company are listed with Bombay Stock Exchange and National Stock Exchange.
Man Industries (India) Limited has been a profit-making company since inception and also a consistent dividend paying company. The company holds an excellent track record of promptly meeting its financial obligations in a timely manner in the toughest market conditions.
