MAN Industries receives Rs 370-cr order from IHB

MAN Industries (India) Limited, a leading large diameter pipe manufacturing company, announced on September 7 that it has received a new order of approx. Rs. 370 crore from IHB Pvt. Ltd, a joint venture of Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).

The order is meant to be executed in the current financial year, a press release issued by the company said.

RC Mansukhani, Chairman, Man Industries (India) Limited, said, “There has been an increased dependence on LPG which further increases the importance of the use of pipelines. By bagging the new order we are ensuring that we are part of the overall growth of the economy and are on-course of continuous growth that can be witnessed by our current order book. This is the second order that we have received within a month’s time and will help us to accelerate our company’s growth path.”