Financial Daily from THE HINDU group of publications
Wednesday, Jun 16, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jun 16, 2004 |
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Corporate
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Announcements Man Industries to supply pipes to Shell Our Bureau
Mumbai , June 15 MAN Industries India Ltd has obtained approval from Shell Global Systems International B.V. of The Netherlands as a potential manufacturer and supplier of critical service line pipes to worldwide projects of Shell. The approval from Shell comes at a time when the company is setting up a Rs 135-crore greenfield project of SAW pipes and coating complex at Anjar in the Kutch region of Gujarat, primarily for the export market. The site is located 30 km from the ports of Mundra and Kandla. "Considering the proximity of the plant to the two ports, 70-75 per cent of the production will be for the export markets. The project is progressing as per the schedule and the company is confident of commencing commercial production before December. Approval from Shell and other international majors will enable the company to bid for large projects internationally,'' Man Industries informed the BSE on Tuesday.
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