Wednesday, April 29, 2009

Man Industries bags Rs 1,350 orders

Man Industries (India), a major pipe manufacturer, has bagged orders worth Rs 1,350 crore from middle-east. The orders will be executed in the current financial year.

In addition to the recent orders, the company has also emerged as the lowest bidder for orders worth Rs 1,400 crore from domestic and international markets. The company is in the bidding stage for many projects for supplying pipes worth Rs 5,400 crore.

With the latest order of Rs 1,345 crore, the order backlog stands at Rs 2,500 crore, the company said.

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