Man Industries (India) Ltd., established in 1988, is a distinguished global manufacturer specialising in large-diameter carbon steel Submerged Arc Welded (SAW) pipes.
On February 12, 2025, Man Industries (India) Ltd. announced the acquisition of a substantial pipe supply order valued at approximately ₹250 crore. The order is anticipated to be executed over the next 6 to 12 months.
“We are pleased to inform you that the company has secured an order worth approximately ₹250 crore. This order is expected to be delivered within the next 6 to 12 months,” the company stated in a regulatory filing.
With this addition, the firm’s total unexecuted order book now stands at an impressive ₹2,900 crore. “The total unexecuted order book as of today amounts to approximately ₹2,900 crore (Rupees Two Thousand Nine Hundred Crore only).
This latest order underscores the buoyant business environment and exemplifies the unwavering confidence that customers place in the company’s technological prowess and execution excellence,” the company affirmed.
In the preceding year, Man Industries secured a landmark line pipe order worth around ₹1,850 crore—its largest single order to date. The prestigious contract was awarded by a leading international Oil & Gas corporation for the supply of high-value API 5L-grade line pipes for a mega offshore project, as disclosed in a stock exchange filing.
Man Industries (India) Ltd. has unveiled its unaudited financial results for Q3 FY25, reporting total revenue of ₹833.02 crore, an 18.17% decline from Q2 FY25 but a 26.58% increase from Q3 FY24.
Operating income stood at ₹49.20 crore, down 10.19% from the previous quarter yet 2.93% higher than Q3 FY24. Net income before taxes was ₹43.23 crore, marking a 20.06% drop from Q2 FY25 and a 12.38% decline from Q3 FY24.
At 9:45 AM on February 13, 2025, Man Industries (India) Ltd shares traded at ₹1,412.85 per share on the NSE.
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Published on: Feb 13, 2025, 3:55 PM IST
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