MAN Industries gets order worth Rs500 crore
Pipe manufacturing major MAN Industries (India) Ltd has received export order worth Rs500 crore from Middle East. The order is for supply of large diameter pipes for Oil and Gas sector. With this new order received by the Company the Company’s order book stands at approximately Rs1,600 crore. The order is to be executed over a period of next 9 to 12 months.
Commenting on the order RC Mansukhani, Group Chairman, MAN Industries (India) Ltd said, "Winning such a huge order is a matter of prestige for the company in a challenging environment. It is a reinforcement of the promising prospects for the company. We are confident that the company would be able to execute the order on schedule.”