MAN Industries India Limited gets a new Export Order worth Rs.1,150 Crores

MAN Industries (India) Limited, one of the leading Large Diameter Pipe Manufacturing Companies, proudly announces the receipt of a prestigious Export Order valued at approximately Rs.1,150 Crores.

This order significantly demonstrates the robust strength and market credibility in global markets and highlights MAN Industries' growing reputation as a trusted supplier in the international pipeline industry. The order entails supplying different types of pipes to a respected international customer, and the work is expected to be completed within the next 6 to 12 months.

With this new order, the Company's total unexecuted order book now stands at approximately Rs.3,500 Crores, reflecting continued customer confidence in its technological expertise, quality assurance, and execution capabilities.

Commenting on this achievement, Mr. Nikhil Mansukhani, Managing Director of MAN Industries (India) Limited, said: "The start of the year is proving exceptionally strong for MAN Industries, highlighted by the multiple orders totalling approx. INR 3500 Crores. These are testimonial to our steadfast focus on delivering product excellence and timely deliveries. We expect this momentum to continue during the year, such projects are also testament to the prowess of MAN Industries and our cutting-edge technological capabilities"

This development marks yet another milestone in the Company's journey toward expanding its global presence and serving strategic infrastructure and energy sectors worldwide.

Shares of Man Industries (India) Limited was last trading in BSE at Rs. 395.90 as compared to the previous close of Rs. 394.55. The total number of shares traded during the day was 184182 in over 5324 trades.

The stock hit an intraday high of Rs. 418.45 and intraday low of 393.15. The net turnover during the day was Rs. 74773096.00.

Source : Equity Bulls

Keywords

ManIndustriesIndia INE993A01026 OrderWin Export