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Man Industries (India) Ltd. secures new orders worth approximately ₹ 400 Crores

Oct 3, 2023

By: BlinkX Research Team

Man Industries (India) Limited has announced the acquisition of new orders amounting to approximately INR 400 Crores. This significant development reflects the company's continued growth and robust presence in the industry.

The newly acquired orders pertain to domestic customers and are primarily focused on the supply of various types of pipes. These contracts have a specified execution timeline of 6 months. With these fresh orders, the company's unexecuted order book now stands at approximately INR 1,600 Crores, set to be executed within the next 6 months. 

Notably, these orders do not fall within the ambit of related party transactions, and there is no involvement of the promoter, promoter group, or group companies in the entity awarding these contracts. Man Industries' consistent success in securing such substantial projects reflects its excellence in the industry.