MAN Industries bags $100m contract from domestic hydrocarbon sector

MAN Industries (India), trading as MANINDS on the BSE, has bagged a new order worth INR7.66 billion ($100 million) from the domestic hydrocarbon sector in India.

The company, which is a member of the Man Group of India, manufactures and exports large diameter carbon steel line pipes.

According to MAN Industries, its unexecuted order book as on date is now INR19 billion ($250 million), which will be executed in the present financial year.

MAN Industries stated: “This order reflects robust business environment and also showcases the trust customers have in the Company’s technological and executional capabilities.”