Tag: Man Industries India Ltd

Business World

MAN Industries (India) Order books surges by Rs 500 Crore

Mar 24, 2021 by Neel Achary 0 Comments #Man Industries India Ltd

Mumbai, March 24, 2021: Man Industries (India) Limited, one of India’s leading Large Diameter Pipe manufacturing companies has announced today that the company has received new orders of approx. Rs. 500 crores in both domestic and export markets of Oil and Gas as well as water segments. These orders are meant to be executed in 6 months. With these orders Man Industries order book now stands at approx. 1250 crore. The company has seen a strong growth trajectory with the addition of these orders and has successfully navigated the pandemic which has otherwise badly disrupted other sectors and industries.

On the new order announcement, Dr. R. C. Mansukhani, Chairman, Man Industries (India) Limited said, “We continue to demonstrate great value and customer confidence which is reflective in the faith that they continue to bestow upon us. By bagging the new orders we are ensuring that we continue to contribute to the overall growth of the economy especially when India is focusing on the expansion of its pipeline network for oil and gas as well as water. These orders reflect the company’s strong leadership position in the pipeline business and showcase the trust customers have in our technological and executional capabilities.”

The company holds an impeccable track record of uninterrupted profitability, dividend and meeting all its financial obligations in the toughest business environment.

ABOUT MAN GROUP

Man Industries (India) Ltd. is the flagship company of Man Group, promoted by the Mansukhani family in 1970. The Company is a part of the well diversified MAN Group, growing under the dynamic leadership of Dr. R. C. Mansukhani. Starting as an Aluminium Extruder in 1988, MAN Industries has now become one of the largest players in LSAW Pipes, Spirally Welded Pipes and Coating Systems. It has state of the art manufacturing facilities with the total combined capacity of 1 Million Metric Tonnes p.a for LSAW and HSAW Pipes and is dedicated to highest Operating and Quality standards, environment protection and Occupational Health & Safety Standards and is accredited by ISO-9001, ISO 14001 & OHSAS 18001 certification. The shares of the Company are listed with Bombay Stock Exchange and National Stock Exchange.

Man Industries (India) Limited has been a profit-making company since inception and also a consistent dividend paying company. The company holds an excellent track record of promptly meeting its financial obligations in a timely manner in the toughest market conditions.

Business World

Man Industries (India) Limited appoints Mr. Narendra Mairpady as Independent Director

Feb 24, 2021 by Rekha Nair 0 Comments #Chairman, #Director, #Dr Ramesh Chandra Mansukhani, #Man Industries India Ltd, #Mr. Narendra Mairpady

Mumbai: Man Industries (India) Limited has announced the appointment of Mr. Narendra Mairpady as an Independent Director for a term of 5 years with effect from 23 February 2021.

Mr. Narendra Mairpady has over four decades of rich and varied experience in banking industry and was also Chairman and Managing Director of Indian Overseas Bank. He is also an Independent Director in reputed firms like Adani Enterprises Limited, Mahindra First Choice Wheels Limited, Mahindra Rural Housing Finance Limited and others.

Speaking on the appointment, Dr Ramesh Chandra Mansukhani, Chairman, Man Industries India Ltd said, “We are extremely pleased to have Mr. Narendra Mairpady as an Independent Director in our organisation. His vast experience will immensely help the company in planning its growth strategy.”

ABOUT MAN GROUP

Man Industries (India) Ltd. is the flagship company of Man Group, promoted by the Mansukhani family in 1970. The Company is a part of the well diversified MAN Group, growing under the dynamic leadership of Dr. R. C. Mansukhani. Starting as an Aluminium Extruder in 1988, MAN Industries has now become one of the largest players in LSAW Pipes, Spirally Welded Pipes and Coating Systems.

It has state of the art manufacturing facilities with the total combined capacity of 1 Million Metric Tonnes p.a for LSAW and HSAW Pipes and is dedicated to highest Operating and Quality standards, environment protection and Occupational Health & Safety Standards and is accredited by ISO-9001, ISO 14001 & OHSAS 18001 certification. The shares of the Company are listed with Bombay Stock Exchange and National Stock Exchange.

Man Industries (India) Limited has been a profit-making company since inception and also a consistent dividend paying company. The company holds an excellent track record of promptly meeting its financial obligations in a timely manner in the toughest market conditions.

Business World

Q1FY21 Results interview with Mr. R C Mansukhani, Chairman, Man Industries India Ltd

Aug 12, 2020 by Gouri Achary 0 Comments #Chairman, #Man Industries India Ltd, #Mr. R C Mansukhani, #Q1FY21 Results

Man Industries (India) Limited reports Financial Results:

  • Q1FY21 Total revenue of Rs. 4,101 million as against 2,447 million up by 68% YoY
  • Q1FY21 EBITDA for the period stands at Rs. 555 million as against 282 million up by 97% YoY
  • Q1FY21 PAT for the period stands at Rs. 174 Million as against 27 Million up by 549% YoY

Mumbai, August 12, 2020: MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing company has announced today its unaudited financial results for the quarter ended June 30, 2020. The company reported total revenue of ₹ 4,104 Million in Q1FY21. EBITDA Margin stands at 13.5% as compared to 11.5% YoY up by 200 bps and PAT Margin Stands at 4.2% as compared to 1.1% YoY up by 314 bps.

Commenting upon the performance and future outlook of the Company, Dr. R.C. Mansukhani, Chairman said “All our plant operations have resumed successfully and we are back on track in terms of order execution. We are seeing good traction from domestic as well as international market on the back of revival of demand from key geographies and domestic sector already doing well with ample opportunities from several upcoming oil and gas and water projects like Nal se Jal and river linking. We expect good order Inflows from both domestic as well as the international market in the near term”.

The unexecuted order book as on date is approximately Rs. 14,000 Million to be executed in the current financial year.

The company continues to have a robust book of outstanding bids for more than Rs. 1,80,000 Million at various stages of evaluation for several Oil, Gas and Water projects in India and abroad. The company, therefore, expects good order inflow in near future.