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Our Bureau

Mumbai, June 13

Man Industries (India) Ltd, manufacturer of large diameter submerged arc welded line pipes and coating systems, has bagged orders worth Rs 500 crore. The company has secured a fresh order worth Rs 400 crore from a gas transmission company in Iran for supply of 252 km of line pipe. It has also got another order worth Rs 100 crore from Reliance Industries Ltd for the supply of pipelines. At present, the company has a total order worth Rs 1,250 crore.

The total installed manufacturing capacity of the company is over 2,000 km of line pipe and over 5 million square meters of coating systems every year. Shares of Man Industries fell by Rs 21.30 to Rs 150.85 on BSE.

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