Man Industries Secures Rs. 550 Crore Pipe Orders
Filing Summary
Man Industries (India) Ltd has announced the receipt of new orders valued at approximately Rs. 550 crores. These orders pertain to the supply of various types of pipes and are expected to be executed within six months. The company’s total unexecuted order book now stands at approximately Rs. 4600 crores. The orders were received from both domestic and international customers. There is no involvement of related party transactions in these orders. This update is in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
Man Industries (India) Ltd has informed the stock exchanges about securing new orders worth approximately Rs. 550 crores. The orders involve the supply of various types of pipes and are scheduled for execution within a period of six months. This development was communicated in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The orders have been received from both domestic and international customers. The company has clarified that these orders do not involve any related party transactions. The total unexecuted order book of Man Industries now stands at approximately Rs. 4600 crores.
The orders are for the supply of pipes, and the company has not disclosed the specific entities awarding these contracts. The orders are categorized under both domestic and international segments, indicating a diverse customer base.
Man Industries has not specified any significant terms and conditions associated with these orders beyond the execution timeline. The company has confirmed that there is no interest from the promoter or promoter group in the entities awarding these orders.
Man Industries (India) Ltd is engaged in the manufacturing of large diameter carbon steel pipes, which are used for various applications including oil and gas, petrochemicals, water, and dredging. The company focuses on expanding its market presence through strategic orders and enhancing its production capabilities to meet diverse customer requirements.