Man Industries gets new export orders of Rs 505 crore

22 May 2024 , 01:59 PM

Man Industries (India) reported bagging export orders of ₹505 Crore. In an exchange filing, the company stated that it received orders for pipes from an international customer. The export orders would be fulfilled within the next 6-8 months, the company notified the exchanges. These orders specifically address the provision of a variety of pipes.

As of May 21, 2024, the company’s unexecuted order book was around ₹2,100 Crore.

“This order reflects the robust business environment and showcases the trust of the customers they have in the company’s technological and execution capabilities,” stated Man Industries (India) Limited.

At around 1.52 PM, Man Industries was trading 1.13% higher at ₹371.55, against the previous close of ₹367.40 on NSE. The counter touched an intraday high and low of ₹379.40, and ₹366.30, respectively.

Last month, Man Industries (India) Limited reported that Shell Global has granted approval for the external, internal, and concrete coating of steel pipelines in Anjar, Gujarat.

The approval followed a comprehensive technical review of the company’s coating mill in Anjar, which examined the performance of external, internal, and concrete coatings for steel pipelines, including three different types of coatings.

Man Industries (India) Limited, founded in 1988, is the flagship firm of the Man Group. The company specialises in the line pipe industry, especially producing large-diameter carbon steel SAW pipes.

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