Ahmedabad, 24 March 2023: Man Industries (India) Limited, one of India’s leading Large Diameter API Pipe Manufacturing Companies, has inaugurated its new ERW Line Pipe Plant in Anjar,Gujarat. The Company has also started production at the new plant, thereby widening its product offerings and streamlining production by entering into the manufacturing of ERW pipes which will increase the market share of the Company.
The Company has two state-of-the-art manufacturing facilities with 1 facility located in Anjar, Gujarat, having 2 LSAW Line Pipe units & 2 HSAW Line Pipe units and also for various types of Anti-Corrosion Coating Systems and 1 facility in Pithampur, Madhya Pradesh, having a total installed capacity of over 1 Mn+ MTPA.
On the new plant launch announcement, Dr. R C Mansukhani, Chairman, Man Industries (India) Limited, said, “The new plant launch is a momentous occasion for all of us. With this, we are poised to enhance our product mix and capture increasing industry opportunities. The Indian ERW pipe ket is one of the fastest-growing segments, largely driven by new-age applications in the construction sector. Hence, investing in this project was part of our next stage of growth to serve the hydro-carbon and CGD sector.”
“Our goal and aspiration over the next few years are to increase our revenue on the back of better utilization of existing facilities, better absorption of fixed costs, and addition of new products, thereby improving EBITDA margin from current levels.”, he added.
The Company also recently announced that they received a new export order worth approximately INR 1300 crores for the supply of API High-Grade Large Diameter Pipes along with Coating. With this, the unexecuted Order Book now stands at approximately INR 2000 crores to be executed in six to eight months.
MAN Industries (India) Ltd. showcases a strong mounting of the business environment and the trust that customers have in the company’s state-of-the-art technologies, industry expertise, and execution capabilities. The Company holds an impeccable track record of uninterrupted profitability, dividend, and meeting all its financial commitments in the challenging and growing business environment.