Wednesday, October 7, 2015

Rs 700 crore piping orders for #Man Industries

Man Industries Ltd. (MIL), flagship company of Man Group promoted by Mr. Ramesh Mansukhani has received orders worth Rs 700 crore for supply of pipes for oil, gas and water sector projects from international (Middle East countries) as well as domestic customers.

Chairman RC Mansukhani said the orders will help expand the company's Ebitda margins to the 12-14 per cent range, while this year's revenue growth is likely to be in the range of 25-30 per cent.