MAN Industries, a prominent supplier of steel line pipes for the oil, gas, and water sectors in India, has secured a significant contract valued at INR 1,850 crores. This prestigious order involves supplying API 5L Grade line pipes for a major offshore project, marking one of the largest orders in the company’s history from a top-tier international Oil & Gas entity. The delivery of these line pipes is scheduled over the next 12 to 18 months.
In addition to the standard line pipes, MAN Industries will also provide High Value-added SAW-Pipes for this project, which command higher realization and offer robust EBITDA margins. This capability strengthens the company’s value proposition and enhances its competitive advantage in delivering high-quality solutions for critical Oil & Gas infrastructure projects worldwide.
Following this contract, MAN Industries’ order book will exceed INR 4,000 crores, with exports contributing nearly INR 3,650 crores. The company is actively pursuing additional line pipe projects valued at approximately USD 1.5 billion for upcoming ventures both domestically and internationally.
Nikhil Mansukhani, Managing Director of MAN Industries, expressed, “The beginning of the year has been exceptionally strong for MAN Industries, underscored by multiple orders totaling approximately INR 4000 Crores or more. These orders validate our unwavering commitment to delivering top-quality products and timely services. We anticipate this momentum to persist throughout the year, showcasing both the strength of MAN Industries and our advanced technological capabilities.”