MAN Industries (India) Limited, one of the leading large-diametre pipe manufacturing companies in the country, announced it had secured orders worth Rs 550 crore from various international and domestic clients for supply of large-diametre pipes for the oil and gas sector. These orders are for the supply of approximately 100,000 tonne of large diameter pipes in both LSAW as well as HSAW segments.
The order has been bagged by the company after stiff international bidding.
With these orders, the company’s total order book stands at about Rs 1,700 crore.
These orders are to be executed over a period of the next 12-15 months.
Commenting on the event, Chairman R C Mansukhani said, “It is a matter of great satisfaction for the company that despite tough competition it continues to procure sizable orders from domestic as well as international clients. With this order, we have made a good beginning in the current financial year. We have also bid for some more projects and are confident of winning more orders in future. It is a sign of strong faith of customers and revival of investment climate globally in the oil and gas sector as more and more countries are looking for energy security”.