Man Industries Secures ₹11.5 Billion Order, Strengthening Pipeline Infrastructure Portfolio

Image Source: BigMint

Man Industries (India) Ltd. has announced a major order worth ₹11.5 billion, reinforcing its leadership in large-diameter carbon steel pipeline manufacturing. The order comes amid strong demand for high-pressure transmission applications, particularly in oil, gas, and water sectors.

New Order & Execution Timeline:

The latest order adds to Man Industries’ robust pipeline business, ensuring steady revenue flow over the next 6-12 months.
The company’s current bid book stands at ₹15,000 crore, reflecting strong market positioning.

Financial Performance & Market Expansion:

Man Industries reported a 11.5% YoY increase in net profit, despite a 12.1% decline in revenue in Q3 FY25.
EBITDA improved by 6.6%, with margins rising to 11.4% from 9.3% YoY.

Strategic Growth & Expansion Plans:

The company’s Saudi and Jammu expansion programs are progressing as planned, with production expected to start by Q3 FY26.
Man Industries has successfully completed the ERW plant assessment by MECON for API 5L X 70 grade, enabling exports of ERW pipes.

Future Outlook & Industry Impact:

The company maintains a positive outlook for FY25, with a strong order book of ₹29 billion.
Expansion in H-SAW and Stainless-Steel Seamless Tubes is expected to boost revenue and market share.

Man Industries’ latest order win highlights its global leadership in pipeline manufacturing, ensuring consistent growth and market expansion.

Source: Business Standard.