MAN Industries Secures New Order Worth ₹1,700 Crore.

MAN Industries, a major manufacturer of large-diameter pipes, announced today that it has secured a new order worth approximately ₹1,700 crore from a top-tier international client.

The contract is for the supply of various types of coated pipes, with execution expected to be completed within the next 6 to 12 months.

According to a company statement, the order includes value-added Submerged Arc Welded (SAW) pipes with advanced coatings. This type of product typically offers higher realizations and stronger profit margins, which is expected to positively impact the company's financial performance.