Man Industries bags orders worth Rs 700 crore

Man Industries, a manufacturer of large diameter API grade pipes, has received orders worth approximately Rs 700 crore from international and domestic customers for supply of pipes for oil, gas and water sector projects.
 
“With these new orders, the outstanding order book as on date stands approximately Rs 1,300 crore to be executed over a period of 6 to 8 months, this will result in significant improvement in coming quarters,” said Man Industries in a press release.
 
Man Industries has outstanding bids approximately $1.5 billion (about Rs 9,800 crore) at various stages of evaluation for several oil, gas and water projects in India and abroad. “The company, therefore, expects good order inflow in near future from the outstanding bids which are at various levels of evaluation by the clients,” added the release.
   
Meanwhile, Man Industries has upgraded its Pithampur plant with the enhanced capabilities to produce pipes upto 3600 mm diameter with coating facilities.