Man Industries has bagged an order to manufacture and supply 257 miles of LSAW and HSAW line pipes coated externally and internally with anti-corrosive systems. With this new order, Man Industries order-book stands at Rs 2200 crore.
Man Industries board meets on 31 March 2007, to consider a scheme of demerger between the company and Man Aluminium.
Man Industries is involved in manufacturing and supply of steel line pipes for high and medium pressure applications such as oil, gas, petrochemicals and water transportation. The company is one of the leading manufacturers and exporters of saw pipes and aluminium extrudates.
Man Industries posted a net profit of Rs 16.47 crore in the December 2006 ended quarter against Rs 7.83 crore in the December 2005 quarter. Net sales for the December 2006 quarter rose to Rs 327.11 crore (Rs 206.49 crore).