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About Man Industries (India)

The flagship Company of MAN Group (UK), MAN Industries (India) Limited (erstwhile MAN Aluminium Limited) an ISO - 9001 Company was incorporated on 19th May 1988 with a project to manufacture Aluminium Extrusions. Now, the company is a leading manufacturer and exporter of large diameter Carbon Steel Line Pipes for various high pressure transmission applications for Gas, Crude Oil, Petrochemical Products and Potable Water. The company has state-of-the-art manufacturing facilities for Longitudinal Submerged Arc Welded (LSAW) & Helically Submerged Arc Welded (HSAW) Line Pipes and also for various types of Anti-Corrosion Coating Systems. The Company also owns modern facilities for manufacturing of Aluminum Extrusion Products. Man Industries manufacture LSAW Line Pipes, HSAW Line Pipes, Single Layer FBE, 3 Layer PE & 3 Layer PP Coating (under coating division) and Aluminium Extrusions. MANIIL's operations are spread across globally with offices in U.K. and U.A.E. besides India. The Company received the Certificate of Commencement of Business on 28th July of the year 1989. Man Industries had entered into Memorandum of Understanding (MoU) with Haeusler in the year 1992 for the supply of the SAW pipe plant, technical know-how and training for its personnel. With the establishment of SAW Pipe Division in the year 1994 the Group has come a long way by consistently scaling new heights and building up impressive track record of exponential growth and in the year 1995, the company was awarded an ISO 9002 certification. After two years, in 1997, Man Industries (MANIIL) had decided to take over British company Man Intertrade (UK) Limited. During the year 2000, the MANIIL made a strategic tie-up with Mitsubishi and Sumitomo for executing major projects in oil and gas sector. The Company bagged large orders from Export (Middle East / USA) in the year of 2004, worth of Rs 3400 million and from domestic of Rs 1620 million. During the same year of 2004, the Company along with its group company had entered into a joint venture agreement with Aluchem, Inc. of US to bid for new project in the Kutch region of Gujarat for manufacturing of alumina and alumina-based value-added products, with an estimated cost of Rs 20,000 million. A major milestone in the path of progress of the company was happened in the year 2005, commissioned its Anjar Line Pipe and Coating Complex in the State of Gujarat on the West-Coast of India. During the year 2006, the company had received the necessary approval to demerge the Aluminium Extrusion into separate entity under the name of Man Aluminium Limited. Man Industries India received an export orders aggregating to Rs 2,200 million including the order received in June of the year 2007 from fortune 500 Oil and gas major Petronas, Malaysia. In September of the same year 2007, the company had commissioned the new production line for H-SAW Pipes with capacity of 200,000 MT per annum. The mill had started producing pipes for executing USD 225 million single order from prestigious US client. MANIIL had secured new orders amounting Rs 11 billion in its LSAW and HSAW segments during September of the year 2008. The Company plans to locate a new manufacturing facility on a 162 acre site at the Little Rock Port in USA, will invest USD 100 million in the facility. The production would commence by mid 2009. The facility will have capability of producing 300,000 tonnes of HSAW pipes annually.

Parent Organisation
Indian Private
Managing Director
R C Mansukhani
Founded
1988
NSE Symbol
MANINDS

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Community Discussion

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AngelOne
9th July 2024
Man Industries Secures Rs. 1850 Crore Order On Monday, Man Industries announced that they had secured an order for an offshore LNG project worth Rs. 1850 crore from an international oil and gas player. MAN Industries (India) Ltd. was established in 1988 with a primary focus on manufacturing large carbon steel pipes. Over the past three decades, the company has maintained a leading position in the market. MAN Industries (India) Ltd. is a prominent global manufacturer of line pipes, specializing in high-diameter carbon steel SAW pipes. The company offers a diverse range of products, including LSAW pipes, HSAW pipes, casing pipes with end connectors, ERW pipes, hot induction bends, stainless steel seamless tubes and pipes, and a variety of anti-corrosion coatings. With expertise in meeting international project standards, MAN Industries has supplied over 13,000 kilometers of pipes worldwide for various applications. Rs. 1850 crore, the largest order in the company’s history: MAN Industries (India) Ltd. secured a valuation of 185 crore, the highest they have ever achieved. This deal involves supplying API 5-grade line pipes for an offshore LNG project. With this new order, the company’s order book value has increased to Rs. 400 crore, marking a strong start to the year, with exports contributing Rs. 365 crore. Rs. 150 crore line pipe projects: MAN Industries (India) Ltd. is mainly focused this year on bidding $1.5 billion, equivalent to Rs. 150 crores, for line pipe projects for both domestic and international projects. No. 1 into the hydrogen transportation pipes: Man Industry, apart from the PIPS projects, is now venturing into specialized hydrogen transportation pipelines to enter the renewable energy market. They are qualified experts in hydrogen transportation pipes, positioning them to dominate this emerging market. Conclusion: The stock of Man Industries Limited surged over 4% today and made a day high of Rs.503.60 following the Rs.1850 crore order. The stock of Man Industries Ltd. currently trades flat at Rs.486.75 per share after pairing its morning session gains. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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AngelOne
21th May 2024
Man Industries Bags Export Order Worth Rs 505 Crore; Order Book Stands at Rs 2,100 Crore Man Industries (India) Ltd. has secured a significant export order worth Rs 505 crore, boosting its order book to a robust Rs 2,100 crore. The key Indian benchmark indices have trimmed their gains and are trading with marginal improvements. The BSE Sensex has risen by 0.05%, while the Nifty has gained 0.21%. The broader market indices have shown mixed performances, with the Nifty Midcap 100 up by 0.33%, and the Small-cap 100 down by 0.26%. Man Industries Stock Amidst the tepid performance of the small-cap index, Man Industries (India) Ltd. has been buzzing on the bourses. The share price has risen by nearly 2% to Rs 381.50. On Tuesday, the stock opened at Rs 371.40, made an intraday low of Rs 360, and recovered to hit an intraday high of Rs 387.80 per share. The total traded volume on NSE has surpassed the 3.50 lakh mark, which is highest in the last three months and it is above 10 and 30-days average volume. Order Details Man Industries has received an order worth Rs 505 crore from an international customer to supply various types of pipes within the next 6-8 months. This significant order has propelled the company’s total unexecuted order book to approximately Rs 2,100 crore. The substantial order volume underscores the robust business environment and customer trust in the company’s technological and execution capabilities. Technical Analysis On the daily chart, the stock has formed a double bottom pattern with the double bottom placed at Rs 357-360. The neckline of this pattern is at Rs 394. A breakout above this level could signify a bullish trend. Stock Performance Over the last 12 months, the stock has surged by 197%. On a year-to-date basis, the stock is up by nearly 34%. This impressive performance highlights the company’s strong market position and growth potential. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One Man Industries (india) Ltd. Share Price Today Live NSE/BSE | Angel One Man Industries (india) Ltd. Share Price - Get Man Industries (india) Ltd. Live BSE/NSE stock price with the latest research reports, balance sheet, stock analysis, and share price history at Angel One.
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AngelOne
29th February 2024
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AngelOne
29th February 2024
Shares of Man Industries surge on securing a new order worth Rs 555 crore This impressive achievement signifies the trust customers place in their technological expertise and execution capabilities. About Order Man Industries Limited, a leading manufacturer of large-diameter pipes, has announced the receipt of new orders valued at approximately Rs 555 crore. This significant development further strengthens the company’s order book. This news reflects Man Industries’ strong position in the market and reinforces the confidence that customers have in the company’s technological expertise and execution capabilities. The substantial order book provides visibility into future revenue streams and underscores the company’s commitment to delivering high-quality pipe solutions to its clients. This impressive achievement signifies the trust customers place in their technological expertise and execution capabilities. The diverse order, encompassing various types of pipes, is to be fulfilled within the next six months, providing clear visibility into their future revenue streams and underlining our unwavering commitment to delivering high-quality pipe solutions. Man Industries is well-positioned to capitalize on the robust business environment and continues to demonstrate its commitment to growth and innovation. This latest development is expected to have a positive impact on the company’s financial performance and shareholder value. Share Price Movements The share of the company increased by 2.4% or 9.30 points to Rs 390 as compared to the previous day’s closing of Rs 380.70. The share opened at Rs 398 and touched intraday high and low of Rs 399.70 and Rs 385.05, respectively. The share of the 52-week high and 52-week low of Rs 459 and Rs 83.21, respectively. About Company Man Industries, a manufacturing company based in India, specializes in producing LSAW Line Pipes, Hsaw Line Pipes, and Aluminium Extruded Products. Established in 1988, it is part of the Man Group, UK, and has received numerous certifications for its quality management. Its clients include the Gas Authority of India, Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, ONGC, Engineers India, Reliance Industries, Essar Constructions, Larsen & Toubro, Bharat Heavy Electricals, and Adani Ports. Man Industries offers customized products for various sectors, including Oil, Gas, Petrochemicals, Fertilizers, and Dredging. It also manufactures HSAW Line Pipes with a total installed capacity of 375,000 MT per year. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Man Industries India Ltd FAQs

Man Industries India Ltd (MANINDS) share price as of July 18, 2024, on NSE is Rs 482.5 (NSE) and Rs 482.5 (BSE) on BSE.
Yes, You can buy Man Industries India Ltd (MANINDS) shares by opening a Demat account with Angel One.
Man Industries India Ltd (MANINDS) share can be bought through the following modes:
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2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Man Industries India Ltd (MANINDS) shares.
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