MAN Industries informed the exchange that they had bagged an order for the supply of API 5L Grade line pipes for offshore project worth INR 1,850 crores.
This order entails supplying API 5L grade line pipes for an offshore project. Delivery of the line pipes is scheduled over the next 12 to 18 months. Furthermore, MAN Industries will supply High Value-added SAW-Pipes for this project, which command higher realization and offer strong EBITDA margins.
With this order, MAN Industries’ order book will surpass INR 4,000 Crores, with exports contributing nearly INR 3,650 Crores. Additionally, the company is actively bidding for approximately USD 1.5 Billion worth of line pipe projects for upcoming domestic and international ventures.