New Delhi: Man Industries India Ltd on Thursday said the company, along with its recently acquired Saudi arm, National Pipe Company Ltd (NPC), has bagged new orders worth Rs 1,000 crore for the supply of coated pipes and related pipeline solutions.
The orders have been received from domestic and international customers operating in oil & gas and water transmission sectors, the company said in a release.
Man Industries said the orders are expected to be executed in 6-9 months. "Man Industries (India) Ltd and its recently acquired Saudi entity, National Pipe Company Ltd (NPC), have together secured new orders aggregating approximately Rs 1,000 crore, comprising Rs 700 crore for NPC and Rs 300 crore for Man Industries for the supply of coated line pipes and related pipeline solutions," the statement said.
With these orders, NPC's unexecuted order book stands at approximately Rs 1,600 crore and Man Industries' standalone unexecuted order book stands at approximately Rs 2,500 crore, translating into a combined consolidated order book of approximately Rs 4,100 crore.
The order book provides strong medium-term revenue visibility and reflects Man Group's sustained momentum in domestic and international markets.
These order wins reflect the strong business environment in the energy and infrastructure sectors, and the confidence that marquee clients continue to repose in the technological expertise and execution track record of Man Industries and NPC, the statement added.
Man Industries India Ltd, the flagship company of the MAN Group, is the manufacturer and exporter of large-diameter carbon steel line pipes. The company operates two manufacturing facilities at Pithampur, Madhya Pradesh and Anjar, Gujarat.
The company primarily supplies critical pipeline infrastructure to the oil & gas, petrochemicals, water transmission, fertilisers, dredging, hydrocarbon and city gas distribution sectors across India and international markets.
