Man Industries gets Rs1,000 crore steel pipes order from US

29 Mar 2007

1

Mumbai: Man Industries India has received a Rs1,000 crore ($225 million) order from a US-based company, taking its new order book position to Rs2,200 crore.

The US order is for the manufacture and supply of 257 miles of 42-inch diameter pipes with external and internal anti-corrosion coating systems, Man Industries informed the BSE in a regulatory filing.

This is the single largest order received by any Indian pipe manufacturing company from the US and is also one of the largest orders made by a single customer of an engineering company from the US in the recent past, it said .

The company, however, did not disclose the name of the client.

Recently, the company has also received vendor approvals from some more major clients from the US and Malaysia.

Man Industries, India''s leading pipe manufacturer, is already in advanced stage of adding three more production lines at its Anjar complex which would be commissioned in the first half of the coming financial year. In November last year, the company had approved an expansion project in its Anjar division to increase the installed capacity for pipes by 200,000 tonnes per annum.

The company had also recently received vendor approvals from some more major clients from the US and Malaysia.

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